April 22, 2020 – Since the Great Recession, the number of owner-occupied properties has decreased by 1.4% (2006-2016). Meanwhile, single-family rental (SFR) homes accounted for more than 50% of the gains in rental housing stock from 2005 to 2015. Out of the downturn, private equity firms–including Invitation Homes (REIT Modeled after mutual funds, a REIT (real estate investment trust) is a company that owns, operates or finances income-producing real estate. They allow individual investors to buy shares in commercial real estate portfolios…. More ), Starwood Capital, Blackstone, and Colony Capital–started acquiring huge portfolios of single-family rentals (SFRs). “Build-to-Rent” (BTR) is an evolution of this trend: entire communities of single-family rentals in one professionally-managed, high-amenitized community.