The 12th Annual Five Star Conference in Dallas last month included the inaugural Single-Family Rental Lab. Now, Five Star Institute is expanding its footprint in the burgeoning single-family rental market with its inaugural Single-Family Rental Summit October 11 to 13, 2015, in Las Vegas.
The inaugural Five Star Single-Family Rental Summit, co-hosted by Investability and OwnAmerica, provides ideal educational and networking opportunities for private equity, REIT, institutional/bank, and small/mid-sized investors.
"The Five Star Institute is proud to present the inaugural Five Star Single-Family Rental Summit at the Bellagio Hotel in Las Vegas," Five Star President and CEO Ed Delgado said. "The single-family rental market is an emerging asset class with a strong outlookfor growth. If you have interest in the single-family rental market, this summit offers invaluable insights from leading subject matter experts that you need to grow your business."
The summit will include labs covering such topics as acquisition, securities, financing, insurance and law, disposition strategies for the SFR market, and rehab. It will also feature an exhibit hall, a general assembly on property management, a dialogue on how to gain scale and the challenges it presents, and several networking events.
"It's a growing industry with billions in transactions on an annual basis."
The rental industry, particularly for single-family detached homes, has seen unprecedented growth in the last year. A recent study from the Urban Institute estimates that new renters will outpace new homeowners over the next decade and a half—and that millennials, the demographic often viewed by analysts as a potential key driver for homeownership, are expected to choose renting more often than owning during the same period.
"I think when you listen to everyone else, from the Moody's people to the property managers to acquisitions people all the way through, I think the message is that this is an industry that is here to stay," said Tim Herriage, CEO of 2020 REI Companies. "It's a growing industry with billions in transactions on an annual basis."
Editor's note: The Five Star Institute is the parent company of DS News, DSNews.com, The MReport, and TheMReport.com.