Todd Wood Tells The Nation’s Top Real Estate Journalists: BTR Is Here To Stay
October 12, 2022Back to All Posts
Atlanta, GA (October 12, 2022) – The National Association of Real Estate Editors invited Christopher Todd Communities CEO Todd Wood to share his insights about the Build-To-Rent sector. “Build-To-Rent (BTR) is not going away, it’s only going to be getting bigger,” Wood told the audience of reporters. A recent Prudential survey showed that 58% of young adults are living with their parents which is the highest rate since the great depression. In the 70’s it was 30 percent. “They need a place to live that is not in their parents’ basement,” he said.
With home affordability declining, challenged with rising interest rates and high inflation, more builders jumping into the BTR niche, and Wood predicts there will be some shifts. “When real estate is red hot, like it has been in recent years, everybody – and their aunt and their uncle – is a developer. As costs escalate, all the small players who jumped into the market are likely to melt away.”
Christopher Todd Communities has developed thousands of single-story smart homes within gated communities featuring resort-inspired amenities. The award-winning communities have set the standard for Class A multifamily BTR. “Marriott is our North Star we follow when building a branded portfolio of communities,” said Wood. “We are delivering a Class A luxury experience with a brand you trust. We have major expansion plans in the works and if we’re not in your area now, we may be soon,” he said.
This was the second year in a row that Wood was invited to address the conference of reporters, representing the top print, broadcast, and online media outlets from around the country.
About Christopher Todd Communities
Christopher Todd Communities is the leader in Build-To-Rent communities which are amenitized, gated, planned communities designed specifically for renters. The company has a proprietary playbook for their branded, technology-forward, luxury single-story rental homes with private backyards and doggy doors in professionally managed, smart-gated communities, resulting in strong lease ups, high retention, optimized rent rates, and dynamic investor returns. Christopher Todd Communities is an “asset maximizing” company, creating enhanced value though the branded community and lifestyle experience. www.ChristopherTodd.com