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Feb 10
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LONG
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Scott Rechler
Chairman & CEO, RXR (Real Estate Developer / Fed Board Director)
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Regarding the political backlash against firms like Blackstone buying homes, Rechler notes it is "marginal" and that "most of them are focused on Build-to-Rent versus buying inventory." The market fears regulation will stop institutions from owning homes. Rechler clarifies that the smart money has already pivoted to "Build-to-Rent" (BTR). This pivot aligns with the government's goal (creating new supply) rather than fighting it. This reduces regulatory risk for BTR operators and positions them to solve the supply crisis. Long BTR-focused REITs. The political headwinds are overstated, and the underlying demand for rentals remains high due to the affordability crisis preventing home ownership. Specific legislation banning bulk ownership of single-family homes, regardless of whether they are new builds or existing inventory. |
CNBC
RXR CEO Scott Rechler on housing affordabilit...
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