Single-Family Home Rental REITs See Greatest Returns In Overall Market
As Millennials and young Gen-Xers realize they cannot easily afford a home of their own, many are turning to single-family home rentals instead, boosting REITs as a result.
The single-family rental REIT sector is fairly new, and has provided a 44.6% 12-month return as of April for its investors year-over-year, by far the strongest performance of any segment of the REIT market today, according to Calvin Schnure, senior economist at NAREIT, the National Association of Real Estate Investment Trusts.
Single-family home REITs emerged out of the wake of the housing crisis, when tumbling home prices and increasing rents coincided with the development of technology that could professionally manage vast swaths of real estate. The environment enabled REITs to buy up…
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Affordable Teacher Housing Hits Zoning Roadblock In San Jose
A San Jose landowner wants to build affordable teacher housing on her property, but there is a catch: The zoning will not allow it and city officials are not inclined to change it.
The property owner, Sarah Chaffin, said the existing…
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QuadReal Property Invests $600M In U.S. Student Housing JV With CA Student Living, GI Partners
Vancouver-based QuadReal Property Group invested $600M in a joint venture with CA Student Living and GI Partners to acquire, develop and manage U.S. student housing properties.
The portfolio totals 10 properties developed and managed by CA Student Living spread across…
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Eminent Domain Presents The Next Challenge For Building A Border Wall
While the proposed border wall faces several hurdles, not least of which is obtaining funding for the wall's construction, there is another challenge that may test how far the government is willing to go to build this contentious wall across the border —…
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The Continent's Biggest Co-Living Development Is Coming To Queens
Co-living — multifamily spaces designed to encourage residents to interact with their neighbors with emphasis placed on common spaces, rather than individual apartments — has been on the rise in New York City since the concept was introduced a handful of years ago.
Monday, one of its biggest players, Ollie, announced the sector's biggest space to date: a 125K SF, 43-story tower with 426 beds across 14 floors at 29-26 Northern Blvd. in Long Island City, Queens.
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