Property Development Feasibility - Build-To-Rent
Real Estate Development ProForma Software
“Build to Rent” (BTR) refers to a property development model where a development is specifically designed and built for renting rather than for sale. This model is becoming increasingly popular as a way to provide high-quality, purpose-built rental accommodation with long-term management in place.
The key characteristics of Build to Rent developments are:
- Purpose-Built: Designed with the rental market in mind, BTR units often including features that appeal to renters, such as communal areas, gyms, and high-speed internet.
- Professional Management: Managed by a professional property management company, which offers a more consistent and potentially higher quality of service than individual landlords.
- Long-Term Ownership: The development is held by the developer/owner for the long term to generate a steady income stream from rents, rather than being sold off to individual purchasers. A developer would often sell BTR developments to institutional investors that will then hold these units as part of their portfolio.