Pretium founder Don Mullen said proposed US legislation is making it harder to finance new build-to-rent projects for single-family homes.
The measure, included in a sweeping housing bill passed by the Senate in March, would bar large corporate landlords from buying more single-family rental homes.
The House of Representatives has not yet voted, but the prospect of passage is already deterring investment that Mullen says the housing market needs.
Will curbing corporate landlords unintentionally halt construction of thousands of homes needed to ease the US housing crisis?
As new laws scare away rental home investors, where will millions of non-homeowners find housing?
Forced to sell new homes within seven years, will investors abandon the build-to-rent market entirely?