PHOENIX, ARIZ. – SVN | SFRhub Advisors is hosting an event in Tempe on April 24 for local residents who want to sell single-family residential rental portfolios (SFR) and new build for rent (BFR) builder investment portfolios from 5 to 5,000 homes.
SVN | SFRhub Advisors’ new digital platform is SFRHub.com, an acquisition, data research transaction portal, benefiting both sellers and buyers. Local portfolio owners and brokers will be invited to join the site during the FREE event from 10 a.m. to noon, 1 – 3 p.m. or 5 – 7 p.m. on April 24 at the Doubletree by Hilton Phoenix Tempe, 2100 S. Priest Drive, Tempe, Ariz. Visit sfrhub.com/events to register.
With a $1.5 billion gross transaction pipeline containing SFR portfolios across the nation, the team at SVN | SFRhub Advisors is looking to expand the inventory to $3 billion by third quarter 2018. The event is being co-sponsored by the local SVN office and broker of record.
For the first time in our nation’s history, rental household formation is outpacing home ownership formation. According to the U.S. Census Bureau in 2016, 53.9% of household formations were rentals. Gross SFR Investment market depth was estimated at $3.1 trillion dollars in 2016, according to Amherst InsightLabs, Amherst Capital. Commercial grade SFR rental investment portfolios recently eclipsed multi-family transactions, according to JCHS – Harvard tabulations of the U.S. Census Bureau 2013-2015. Commercial real estate investors are becoming increasingly interested in the SFR market.
“SVN | SFRhub Advisors will be the nation’s first completely dedicated SFR/BFR brokerage,” said Jeff Cline, principal at SVN | SFRhub Advisors. “Investors are seeing an incredible opportunity with the ongoing national rental shift, with three out of the five living generations either considering or preferring renting than homeownership.”
SVN | SFRhub Advisors is an independently owned franchise of SVN International Corporation based in Boston. All SVN offices are independently owned and operated.
To support inventory expansion, SVN | SFRhub Advisors is extending an exclusive invitation to owners of multiple residential rental properties to join their 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 & 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 | SFRhub Advisors is located at 2400 E. Arizona Biltmore Circle in Phoenix. To learn more and secure an exclusive beta user invitation, please visit www.SFRhub.com.