What the directory covers

What counts as build-to-rent

A scheme is listed when it is purpose-built or acquired for renting and held by a single owner. The test differs by product type, because the unit of ownership differs:

• Multifamily: apartment buildings. The whole building must be in one ownership and professionally managed. A fund holding some flats inside a block with many other owners is not listed.
• Single family: houses. A parcel of homes bought as a block from a housebuilder and managed as one operation is listed, even where the rest of the estate was sold to individual buyers.
• Co-living is listed as multifamily with its own tag. Serviced apartments, student accommodation and homes sold off-plan to individual investors are outside scope.