Jeff Cline, CEO, SFR Capital Management, LLC
As the COVID-19 pandemic hit, the impact was felt swiftly across industries, communities and markets as social distancing practices were quickly adopted, the use of shared community spaces began to decline and people across the globe significantly increased time spent in their homes. This shift has amplified one of the largest, recent housing sensations in commercial real estate - Build-for-Rent (BFR) communities. What started during the Great Recession, Build-for-Rent - a commercial investment asset class focused on buying a large number of newly-built rental homes - is today rising again to the forefront in both popularity and investor demand at an accelerated rate.
It isn’t often that commercial real estate embraces a new asset class, but the institutionalization of the BFR investment segment has it quickly becoming a preferred investment segment due to its ability to significantly gain scale, reduced operating costs when compared with older vintage SFR homes, and increased property management efficiency. These benefits, paired with the BFR asset class’s resiliency during downturns, has institutional investors taking notice in a big way.
Join Jeff Cline, CEO of SFR Capital Management, LLC, who leads SVN | SFR Capital Fund I, LP, a $1 billion institutional-grade BFR-focused aggregation fund, to hear about the BFR asset class that is leading the commercial real estate segment. In this presentation, Cline will discuss:
- An overview of this new commercial real estate asset class and its leading the CRE segment.
- Pandemic financial performance compared with other investment segments.
- A comparison of all CRE asset classes for investment.
- A look at what’s to come in 2021 and beyond.