Management attributes the current demand for single-family rentals to a significant affordability gap, noting that renting in their markets is approximately $12,000 cheaper annually than owning. The acquisition of ResiBuilt marks a strategic pivot toward in-house development, intended to provide greater control over cost, product quality, and delivery pace compared to third-party partnerships. Performance in the fourth quarter was characterized by a 'tale of two cities' in leasing, where strong 4.2% r ...