Present Made will design, develop, own, and operate family homes for rent.

Since Apache launched its single-family housing platform Present Made in May, several high-profile names have entered this small but rapidly expanding sub-sector of the UK build-to-rent market. From investment bank Goldman Sachs to private equity giant Blackstone, major players see the huge potential in delivering family homes for rent in suburban and rural locations.

According to the latest research from the British Property Federation and Savills, suburban rental homes make up 8% of the total build-to-rent stock, with the bulk being completed (40%), followed by homes in planning (33%) and those under construction (26%).

Yet of the 15,771 suburban build-to-rent units built or in the pipeline, few, if any, have been purpose-designed and built for rent.

Similarly, very few of the first urban build-to-rent apartment schemes (or ‘multifamily housing’, as our American cousins like to call it) were purpose-built and designed for rent either. Instead, many were forward funded for-sale homes that were then repurposed for rent.

Apache’s joint venture with developer Moda Living has delivered the first purpose-built and designed Grade A multi-family housing outside of London. [React News revealed today that the joint venture had secured the backing of US private equity firm KKR to deliver a £1.7bn residential platform.]

Read the full article online at REACT: Here