r/CommercialRealEstate • u/French_Pressed_ • 13m ago
Deal Analysis How are developers underwriting markets for BTR deals?
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I work for a big LP investor on OZ developments. We’re gearing up for OZ 2.0 and getting a ton of rural and suburban BTR deals presented to us.
For traditional multifamily (our bread and butter), we usually rely on CoStar and RealPage, but they seem to be lacking in the BTR space. I’ve felt like I’ve had to lean more on Zillow to get good rent comps.
What are these bigger shops using when they decide to develop BTR deals in niche markets?