Taylor Morrison JV Forms Multi-billion Dollar BTR Partnership
Taylor Morrison has entered a partnership with Kennedy Lewis Land Management in a joint venture worth $3 billion to expand the home developer’s build-to-rent brand, Yardly. The two companies share a history together on previous projects developed by Taylor Morrison, and now look to toward strengthening their presence in the BTR market. As rent prices continue increasing, tapping into the BTR markets will allow companies to gain from the high demand stemming from rent growth, even as supply rises.
