By Fred Matera, CIO, Redwood Trust A lack of affordability will lead to near-term weakness,…
CoreVest landed in North Texas this month, in the Dallas Metroplex area, to attend the Single Family Rental (SFR) Summit hosted by The Five Star Institute. This annual SFR summit provided a great opportunity for participants around the country to join expert discussions on investment strategy, property management and the financing of single family rental portfolios. After two days of discussion panels, networking activities, and conversations with other industry leaders and real estate investors, the CoreVest team returned home with some key highlights from the conference.
Thank you to John Prins, Marc Heenan, Jack Jerue, and Ryan Harper for providing their top takeaways below:
1. The rising interest rate environment has led investors to pause and question what further changes could be on the horizon for loan programs. Others have simply adjusted and continued to purchase and grow within current market conditions.
2. Despite the current rate environment, the demand for SFR exposure from institutional investors remain strong.
3. The issue of supply shortages persists in scattered-site SFR developments, with many investors looking to Build-for-Rent developers to provide new rental inventory.
4. The rising demand for developing Build-for-Rent communities near city centers was a highly discussed topic as investors weighed where to target new build acquisitions.
We would like to thank The Five Star Institute for hosting this SFR summit and allowing us to sponsor the event. The CoreVest team looks forward to attending many future conferences, visiting different MSA’s, and sharing our takeaways with you.