The average household at one of our SFR communities is dual income with children and presumably busier than ever throughout the pandemic. These renters by choice are still working long hours while juggling childcare or home schooling responsibilities on a daily basis.
Read MoreAnyone who has been paying attention to the commercial real estate investment world recently has likely taken notice of the tremendous popularity of the built-for-rent (BFR) sector. As an early investor in the space, we receive many calls and messages from individuals who are trying to better understand what’s going on...
The past 6 months alone has seen a dizzying sequence of announcements from major home builders, investment managers, and publicly traded companies announcing ambitious plans to invest heavily into the single-family rental (SFR) industry.
Read MoreWall Street's wager on high earning suburban renters is in full view as major industry players are choosing to double down on their SFR investments despite the pandemic. One publicly traded REIT, American Homes 4 Rent (AMH), recently announced that a $225 million deal that it made with J.P. Morgan Asset Management in February to build rental houses was increasing to $650 million! How did this happen while nearly every major real estate company in the country had a moratorium on new deals?
Read MoreThe opinions expressed within the contents of this website are those of its authors and Steel City Management LLC (“SCM”). Steel City Management is not a registered broker, dealer, or registered investment advisor. The investment offerings on this site are available only to “Accredited Investors” as defined by the IRS. These opinions should not be interpreted as a recommendation or statement of fact. All investors should make their own determination of whether or not to make any investment, based on their own independent evaluation and analysis. The information on the website should not be interpreted as financial advice. Past performance is not a guarantee of future results. All investments offered by SCM involve risk and may result in loss. Investors are advised to consult with their tax, legal and financial advisors before making any investment decisions. SCM does not give investment advice nor recommendations regarding any investment decisions.
We manage investments on behalf of our investors, specifically in real estate development, rehab, and construction. We also invest occasionally in small private operating companies.
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