Investor Presentaiton
Meeting An Underserved Need In The Housing Market
We provide a unique experience, but today serve only 0.5% of the growing demand for single-family rentals
U.S. Housing Summary (1)
131 Million Households
Current U.S. Population by Age Cohort (2)
24
24
(millions of people)
Potential
Future
Demand I
Owned: 66%
(86M units)
Avg.
23
23.3
Resident
Age: 39
Rented: 34%
(45M units)
22
22.3
21.8
21.9
21.6
21.6
21
21
45 Million Rental Households
20
20
Single Unit
Rentals: 36%
(16M units)
10+ Unit
Rentals: 35%
(16M units)
2-9 Unit
Rentals: 29%
(13M units)
19
18
19.7
15-19 20-24 25-29 30-34 35-39 40-44 45-49
U.S. Single-Family Rental Ownership (3)
1 to 9 units
10 to 999 units
1000+ units
3%
(1)
(2)
Source: John Burns Real Estate Consulting, Burns US Housing Analysis and Forecast, published April 19, 2023.
Source: U.S. Census Bureau, as of December 2022.
(3)
Source: John Burns Real Estate Consulting, Burns Single-Family Rental Analysis and Forecast, published March 27, 2023.
17
17%
80%
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