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 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.
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Taylor Morrison JV Forms Multibillion Dollar BTR Partnership
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