> Most recently, we began investing in new construction, purpose-built for-rent housing developments that add supply to the market and address the increasing demand we see for this property type. Our focus is on building single-family rental housing that can be managed and operated similar to multifamily properties with dedicated property management, leasing and amenities.

So you aren’t buying existing houses, but you’re buying land to build houses for the sole purpose of renting.

To say you aren’t participating in the market is disingenuous at best. Congrats, you found it’s cheaper to build new than refurbish existing, that doesn’t really change the calculus that you’re trying to eliminate home ownership in the US.