CoreVest’s Top 5 Takeaways from IMN Single Family Rental West Conference 2024
The IMN Single Family Rental (West) Conference in Scottsdale, AZ, has long been a critical meeting place for SFR and BTR professionals, and CoreVest was thrilled to, once again, participate as a Gold sponsor. Our team had the pleasure of speaking on various panels, meeting with borrowers and investors, and sharing insights and opinions about relevant topics in the business. Bringing together top minds in the industry, the event delved into the latest trends, challenges, and opportunities driving the sector forward. Our team left energized and inspired, and we’re excited to share our team’s five key takeaways from the conference:
1. Borrowers are Looking Forward to 2025 and Positive on the Health of the Single-Family Market
While rate volatility at the end of the third quarter and throughout the fourth quarter has pushed back some projects, borrowers across the board are excited about the opportunities that the new year will bring. A number of tailwinds continue to support demand and pipelines and there is a lot of conviction in the ongoing health of the single-family rental market that will positively impact transaction activity in the near year.
2. Borrowers are Focused on Shorter Term Financing Amidst Rate Volatility
Borrowers remain focused on navigating the current rate volatility with shorter-term financing options for stabilized projects. Many are positioning themselves for potential rate decreases and exploring projects that look attractive as rates stabilize or decline. The flexibility of certain products, particularly shorter-term bridge loans with less prohibitive prepayment structures, continues to provide unique advantages for both stability and optionality.
3. Anticipated Growth in Build-to-Rent (BTR) for 2025
Lots of focus on opportunities for Build-to-Rent in the year ahead! Build-to-Rent projects are continuing to gain momentum as developers prepare for 2025. Despite a slower pace in 2024, the landscape is changing due to factors like rent stabilization, declining construction costs, and the belief that interest rates will decrease by the time construction is complete. Additionally, many investors are increasingly looking toward land development and new construction. These dynamics reflect a growing focus on long-term value creation in the BTR space.
4. Renewed Equity Interest in Stabilized Assets
Equity capital is making a gradual return to the SFR space after a period of pause. Investors who paused activity in 2023 and 2024 are signaling readiness to deploy funds in 2025, particularly toward stabilized projects and credit facilities. Insurance capital, in particular, remains a significant player, seeking investments in stabilized collateral. This renewed interest underscores growing confidence in the sector’s resilience and long-term potential, even amid broader rate volatility.
5. Growing Focus on Innovation and Collaboration
The conference highlighted a strong presence of tech vendors and innovative solutions designed to support the SFR space. This emphasis on technology underscores a growing recognition of its role in streamlining operations, enhancing tenant experiences, and driving efficiencies, further solidifying the sector’s resilience and appeal to investors. Collaboration and adaptability were key themes, as the industry continues to evolve and embrace fresh perspectives to address evolving markets.
Thank you to IMN for organizing another insightful and impactful conference. We are also deeply grateful to our clients, partners, and colleagues for taking the time to meet with us and share their valuable contributions, playing a key role in the success of this event. Finally, a special shoutout goes to our team members for their efforts in shaping the takeaways shared above.
CoreVest is a market leader in real estate investment financing needs and has helped thousands of investors finance over 150,000 units across the nation. We’d love to talk with you directly on how we can maximize the value of your investment projects or properties. Call us today at 844.223.7496 or email [email protected] to discuss how CoreVest can help you grow your business!
Disclaimer:
The views expressed herein are the opinions of CoreVest personnel. CoreVest makes no representation or warranty, express or implied, as to the accuracy or completeness of any of the information in this presentation. The views expressed may be based on market data or research provided by third-parties. CoreVest has not independently verified any of the information set forth in this presentation.
Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. CoreVest assumes no obligation to update or otherwise revise any of the information herein (even if such information is no longer accurate or complete or if experience or future changes make it clear that any projected results expressed or implied will not be realized).
Nothing contained in this presentation is, or should be relied upon as, a promise or representation as to the future performance of the real estate markets referred to herein. In all cases, readers should conduct their own independent investigation and analysis of the information contained in this presentation.