SVN Florida advisors team up with SFR/BFR experts in fastest-growing CRE segment
Single-family rental demand creates outstanding opportunities for investors; free educational seminars scheduled in Tampa and Orlando on May 1 and 3
BOYNTON BEACH, Fla. – SVN Florida Commercial Real Estate Advisors and SVN | SFRhub Advisors in Phoenix, Ariz., are collaborating on two exclusive educational seminars in Florida for local investors who want to sell or buy single-family residential (SFR) rental portfolios and new build-for-rent (BFR) builder portfolios from five to 5,000 homes. SVN Florida is the broker of record for the state and co-sponsor of the two conferences.
SFRhub Advisors’ new digital platform to be introduced in May 2018, SFRHub.com, is an acquisition, data-research transaction portal, benefiting both sellers and buyers. Florida portfolio owners and brokers are invited to join the site during the free events from 10 a.m. to noon May 1 in Tampa and May 3 in Orlando. The Tampa conference is at the Hilton Tampa Airport Westshore, 2225 N. Lois Ave., and the Orlando event is at the Hilton Garden Inn Orlando Airport, 7300 August National Drive. Visit sfrhub.com/events to register.
With a current $1.5 billion gross transaction amount pipeline containing SFR portfolios across the nation, the teams at SVN Florida and SFRhub are looking to expand the inventory to $3 billion by the end of 2018.
For the first time in the U.S., rental household occupancy is outpacing home ownership. According to the U.S. Census Bureau in 2016, 53.9 percent of households were rentals. Gross SFR investment market depth was estimated at $3.1 trillion in 2016, according to Amherst InsightLabs, Amherst Capital. Commercial-grade SFR rental investment portfolios recently eclipsed multifamily transactions, according to Joint Centers for Housing Studies of Harvard University tabulations of U.S. Census Bureau statistics from 2013 to ’15. Commercial real estate investors are becoming increasingly interested in the SFR market.
“This is a rapidly increasing market that SVN Florida’s advisors have embraced to serve their clients,” said Jerry Anderson, CCIM, executive managing director of SVN Florida. “This market will continue to expand, as studies have shown that millennials and baby boomers prefer hassle-free renting verses the rigors of homeownership. Our brokers across the state are prepared to serve this growing market segment.”
Invitation Homes has firmly grasp this trend as the leading owner and operator of single-family rental homes in the United States. Through disciplined market and asset selection, it has assembled a portfolio of more than 80,000 high-quality homes in 17 major markets (Atlanta, Charlotte, Chicago, Dallas, Denver, Houston, Jacksonville, Las Vegas, Minneapolis, Nashville, Northern California, Orlando, Phoenix, Seattle, Southern California, South Florida, and Tampa), with a focus on the Western United States and Florida.
“SVN | SFRhub Advisors will be the nation’s first completely dedicated SFR/BFR brokerage,” said principal Jeff Cline. “Investors are seeing an incredible opportunity with the ongoing national rental shift, with 3 out of 5 living generations either considering or preferring renting over homeownership.”
To support inventory expansion, SVN | SFRhub Advisors is extending an exclusive invitation to owners of multiple residential rental properties to join its beta digital platform. The platform is poised to disrupt the commercial real estate industry, making it easier for buyer and sellers of SFR portfolios. SFRhub.com will allow members to easily locate, research and transact SFR and BFR residential rental investment portfolios. All the contract documentation, title insurance, due-diligence and logistics through the final close of escrow will be supported with licensed real estate professionals.
“This new growing commercial asset class has triggered the need for an advanced CRE brokerage platform,” said Michael Finch, principal at SVN | SFRhub Advisors. “Historically, residential rental investments have been difficult to scale because of the lack of clean and verified data and the high opportunity cost for individual home transactions. By the third quarter, SVN | SFRhub Advisors will launch a new advanced technology solution-based platform that will reinvent the current SFR investment marketplace.”
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to more than 5,550 clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state. SVN advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com.
Ken Zeszutko, Z Corp. PR and Digital Marketing, 321-213-1818 /