US: Cushman & Wakefield has appointed its first US head of single-family rentals as it looks to strengthen its presence in the sector.
The company has promoted Jeremy Edmiston to executive director of its US SFR division. He will collaborate with the firm’s capital markets and debt teams to provide unified BTR to Cushman & Wakefield clients.
Edmiston, who is based in Dallas, said he expects to see heightened interest in BTR. Investment “is accelerating and we expect further expansion regarding the deployment of domestic and global institutional capital to surge in coming years,” he said in a statement.
The SFR sector has recently attracted the intention of major investors and real estate companies. In Q2, Warren Buffett’s Berkshire Hathaway bought more than $700 million of stock in major homebuilders. The investment giant picked up shares from D.R. Horton, NVR and Lennar. Most of the investment was made in D.R. Horton, the nation’s largest homebuilder that is growing its presence in single-family rentals.
Edmiston previously served as Cushman’s senior managing director of single family rentals. Before working at Cushman & Wakefield, he served as an executive at Pinnacle Property Management Services, a firm Cushman & Wakefield acquired in March 2020. He also worked at Greystar from 2002 to 2012.
