The Sunbelt

Sun Residential Real Estate Investment Trust is focussed on acquiring multifamily residential properties in the U.S. Sunbelt region. We are focussing on the southern United States from Florida to Texas because those regions have experienced the fastest growth in population and employment, and so represent an investment opportunity.  Demand for rental housing appears to be increasing, driven by demographics and economic growth. In addition, the regulatory environment is relatively landlord-friendly, compared to most areas of Canada. Shorter lease terms in the multifamily sector provide a hedge against inflation.  And yet another reason favouring this type of investment is that millennials in general appear to demonstrate a preference to rent for lifestyle and financial reasons, while U.S. federal tax changes in 2017 made home ownership less appealing.