There’s been a strong start to the year for Build To Rent with news that a real estate investment trust dedicated to BTR has signed contracts over nine new sites. One is a newly-completed development of homes that has been acquired from Sigma PRS Management Limited, while seven others are development sites - some with construction already underway. The remaining site will comprise another fully-completed development at the point at which it is fully acquired. The nine sites are expected to deliver approximately 775 additional new family homes and provide a forecast £6.7m in rental income annually once completed and let. The PRS REIT, as the investment trust is called, now has 42 sites that are either completed or contracted; they will eventually host 3,575 rental units.
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 .