Beazer Bursts onto Rental Scene

MarketWatch says Beazer Homes USA, Inc., one of the ten largest single-family home builders in the nation, announced its entry into the home rental market on a large scale in select markets. Beazer has contributed almost 200 single-family homes in Phoenix and Las Vegas to a newly-formed real estate investment trust (REIT) that’s set to lease previously-owned single-family homes. Headquartered in Phoenix, Beazer Pre-Owned Rental Homes, Inc. (BPRH) includes an investor group headed by Kohlberg Kravis Roberts & Co. The company’s contribution of $20 million added to outside investors $65 million gives an $85 million kick start to the venture. has learned BPRH is one of the first REITs concentrating solely on the single-family rental market.

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