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SVN | SFRhub Advisors have reached $1 billion in listings in the single-family rental (SFR) market across the United States, with 10 percent of that total coming from Florida.

SFR portfolios, made up of five or more homes, consist of existing single-family residential properties and new construction build-for-rent (BFR) subdivisions. Together, they are becoming one of the fastest-growing commercial real estate asset classes.

“There’s been a dramatic shift in the way many people view the ‘American dream’ today,” said Jerry Anderson, CCIM, executive managing director of SVN Florida. “They value mobility more than the old ‘place of our own’ that previous generations prized. As a result, there’s been high buyer demand that shows no sign of slowing.”

According to a recent Freddie Mac survey, about 50 percent of millennials prefer renting. A surprising 72 percent of baby boomers are also choosing that option. Renters of single-family homes rent for longer durations than apartment dwellers, with millennials at about 3.2 years and baby boomers at 8.4, according to John Burns Real Estate Consulting.

Since its recent launch, SFRhub.com has become the first SFR portfolio brokerage to hit the $1 billion level with seller listings. “We recently underwrote, in less than 12 months, the 400th SFR investment portfolio,” said Jeff Cline, executive director and principal at SVN | SFRhub Advisors. Cline added that the key to all this nationwide growth is the experienced team and the 200 SVN nationwide offices in more than 500 submarkets.

SVN | SFRhub Advisors has created a single-source, dedicated SFR/BFR platform. As a result, buyers and sellers can get complete data market research, valuations, marketing, offers and online transaction processing. This drastically reduces the time required and the transaction expenses for all parties.

Big players in both institutional investment groups and national builders are rapidly expanding into this market, with a focus on BFR investments.

For more information on SVN | SFRHub Advisors or to view current portfolio listings, visit www.SFRhub.com. View a guide here on “How to be successful in the SFR space.”