A lot of the renters are renters by choice, not renters by necessity. The credit profile of the tenant in the BTR space is much stronger.
BTR offers access to a lifestyle that renters could not afford otherwise, allowing them to live in desirable areas to send their children to good schools.
When you step into construction risk, it’s essential to have a partner that understands the market, as construction lending is extremely complex.
Many tenants living in BTR communities may also own a BTR investment property while renting a BTR property themselves, exemplifying the affluent nature of this market.
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