Residential Build-for-Rent

Valuation & Advisory’s Residential Build-for-Rent practice is dedicated to providing best-in-class valuation and consulting services for these niche property types.

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Newmark Valuation & Advisory’s Residential Build-for-Rent (BFR) team, a sub-specialty of our Residential Specialty Practice, guides critical decision-making for institutional and private lenders, as well as investors, builders and developers. The practice focuses on built-for-rent (BFR) in addition to single-family rental (SFR) valuation services, offering premium talent and experience for this rapidly growing segment of the residential market.

Through the first 10 months of 2021, our team completed valuation services involving 3,900 detached, townhome, villa and duplex units, totaling approximately 7.1 million rentable square feet. Our BFR valuation experience ranges from typical multifamily scenarios involving as-is value and prospective values upon completion and stabilization, to additional master floor plan values and secondary bulk market values involving sell-off of finished homes at retail prices.

We specialize in valuation services for the following scenarios:

Single-Family Rental Portfolio

Experience includes: Our team provided valuation services for a BFR portfolio totaling 930 rental homes (719 detached homes and 211 townhomes) in 13 communities in the Metro Atlanta area.

Acquire-to-Rent

Experience includes: Our team provided valuation services for an under-construction, 127-unit, detached residential subdivision totaling 233,207 square feet in Simpsonville, South Carolina. The developer was a national builder, and the community was being sold in takedowns at certificate of occupancy to a national SFR investor for rental purposes.

Site Built Residential

Experience includes: Our team provided valuation services for a 29-acre site purchased by a joint venture between a homebuilder and institutional apartment owner/operator for townhome rental development. Plans for the community included a total of 207 units with 240,713 rentable square feet on a master parcel.

Horizontal Apartment

Experience includes: Our team provided valuation services for a 162,984-square-foot horizontal apartment/villa development in Odessa, Florida. The property consisted of 14.2 acres approved for the development of a 152-unit villa development on a master parcel.

For information contact:

Nick Lukacs
First Vice PresidentResidential Build-for-RentValuation & Advisory

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