Real estate investment trust firm REIT has given build - to - rent ( plc ) a strong start to 2019 , after signing contracts for nine additional sites . another , acquired from Sigma PRS Management , is a recently - completed development of homes , while another will be fully completed on completion . The remaining seven are development sites . In total , they will provide around 775 homes and generate a predicted £ 6.7 m ( $ 2 m ) in rental income once occupied . The BTR - focused PRS REIT now has 42 finished or contracted sites , comprising 3,575 rental spaces .
Real estate investment trust PRS REIT has given build-to-rent (BTR) a strong start to 2019, after signing contracts for nine additional sites. One, acquired from Sigma PRS Management, is a recently-completed development of homes, while another will be fully acquired on completion. The remaining seven are development sites. In total, they will provide around 775 homes and generate a predicted £6.7m ($8.6m) in rental income once occupied. The BTR-focused PRS REIT now has 42 finished or contracted sites, comprising 3,575 rental spaces.