AREUEA Policy Forum

The AREUEA Policy Forum aims to build bridges between research and policy making in real estate and urban policy.

Panel Discussion: "Understanding the market dynamics of Single-Family Rentals: From Buy to Rent to Build to Rent”

September 26, 2024 | 12:00pm - 1:00pm ET 

Click the link below to access the video recording of this forum.

Video Link

• Moderator
  • Gary Painter, University of Cincinnati
• Panelists
• Alexander Hermann, Senior Research Associate, Joint Center for Housing Studies
• Athena Tsouderou, Assistant Professor, University of Miami
• Gary Beasley, CEO and Co-Founder, Roofstock
• Andrew Allen, Global CIO, Savills IM
• Beth O'Brien, Founder and CEO, Encore Finance

Featured Work

• The Economic Effects of Real Estate Investors
• Summary
• Presentation
• Eight Facts about Investor Activity in the Single-Family Rental Market

Additional Resources

Published papers:

• Demers, Andrew and Andrea Eisfeldt (2022) “Total Returns to Single-Family Rentals,” Real Estate Economics, 50:7-32.

• Lambie‐Hanson, Lauren, Wenli Li, and Michael Slonkosky. "Real estate investors and the US housing recovery." Real Estate Economics 50.6 (2022): 1425-1461.

• Mills, James, Raven Molloy, and Rebecca Zarutskie. "Large‐scale buy‐to‐rent investors in the single‐family housing market: The emergence of a new asset class." Real Estate Economics 47.2 (2019): 399-430.

• Smith, Patrick S., and Crocker H. Liu. "Institutional investment, asset illiquidity and post‐crash housing market dynamics." Real Estate Economics 48.3 (2020): 673-709.

• Turnbull, Geoffrey K., and Arno J. van der Vlist. "Bargaining power and segmented markets: Evidence from rental and owner‐occupied housing." Real Estate Economics 50.5 (2022): 1307-1333.

• Austin, Neroli. "Keeping up with the blackstones: Institutional investors and gentrification." Available at SSRN 4269561 (2022).

• Coven, J. (2023). The Impact of Institutional Investors on Homeownership and Neighborhood Access. Available at SSRN.

• Francke, Marc, et al. "Buy-to-Live vs. Buy-to-Let: The Impact of Real Estate Investors on Housing Costs and Neighborhoods." Available at SSRN (2023).

• Giacoletti, M., Heimer, R., Li, W., & Yu, E. G. (2023). Single Family REITs. Available at SSRN 4698212.

• Lai, Hang, and Stanimira Milcheva. "To Rent or To Own? The Effect of Additional Transaction Tax on Buy-to-Let Housing Market." SSRN Working Paper (2023).

• Garriga, Carlos et al. (2023) "Investors in Housing Markets: Comparing Two Booms" University of Miami Business School Research Paper No. 4687727, Available at SSRN: https://ssrn.com/abstract=4687727

Links:

Research institutes and reports

• Burton E. & Hendey, L. (2024). NNIP Partners Explore Investor-Owned Housing.
• Ellen, I. G., & Goodman, L. (2023). Trends and policy recommendations.
• Fallon, K., Noble, O., & Reynolds, K. (2023). Institutional Owners in Single-Family Rental Properties.
• Horowitz, B & Starling, L. (2024) Rise in Investor-Owned Single-Family Rentals Prompts Policy Responses.
• The State of the Nation’s Housing 2023
• Exploring Mom and Pop Landlords
• Lincoln Institute: Who Owns America