The new ruling vacates the public health agency’s nationwide order, which was due to expire at the end of June.
While the nationwide occupancy rate was down 30 basis points year-over-year through February, these five metros saw upticks of as much as 330 basis points, Yardi Matrix reports.
The acquisition will give the firm additional rental housing as well as access to investments in the growing industrial sector.
While the pandemic is still impacting the industry, recent data shows the overall vacancy rate rose 20 basis points, the first quarterly increase since last year.
The new partnership plans to acquire 5,000 newly built homes in the Sun Belt region for use as single-family rentals.