RDOG - Single-Family Rentals: Suburban Renaissance

• The 'Burbs are Back. Riding the tailwinds of the red-hot U.S. housing market, single-family rental REITs have been one of the top-performing real estate sectors throughout the pandemic.
• Fueled by the maturing millennial generation, the 2020s were already poised to be a decade of "suburban revival" and behavioral changes in the post-coronavirus world have provided an added spark.
• SFR REITs reported stellar results in the third quarter despite offering generous pandemic-related assistance to tenants. Rent growth accelerated into the mid-to-high single digits by the start of Q4.
• Fundamentals are "as strong as they've ever been" according to AMH amid "totally insatiable" demand as America’s families have gained a newfound and deeper appreciation for their homes - and particularly for suburban living.
• Could the housing market be "too strong" for SFR REITs? The dislocations and wave of foreclosures that gave rise to the SFR sector appear extremely unlikely to reappear as the housing industry appears poised to continue to lead the post-pandemic economic recovery.

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