National BTR Solutions

06/02/2026

Here's what we're seeing on Phoenix BTR pads right now:

Most of the conversation is treating the 19% drop in 2025 starts as a slowdown. The operators we're talking to see something different.

They're using this window to do three things lock in trade relationships before the rebound, tighten pre-vertical sequencing on existing deals, and pencil out next ground-breaks for late 2026, when delivered supply has worked through and rents stabilize.

The contractors picking up the phone right now are part of that same conversation. Or they're not in it at all.

Curious, what's your read on the 2027–2028 delivery window?

05/28/2026

When something on a project shifts and on a 200-home masterplan, something always does what should the call to the developer sound like?

Our GM Jason Jarvis says it the same way every time:

"Let's bring solutions. Here's the best for the schedule. Open dialogue is the key to a successful project."

Three options. Already costed. Already sequenced. Owner picks one. Everyone aligns. Go execute.

Partner, not vendor.

What does partner-grade communication look like on your active deals? Where does it break down first?

🔗 nationalbtr.com

05/26/2026

Bill Washburn bought his first Knipp-framed home in 1995. His second in January 2000. His third in 2004.

This year he renovated.

He couldn't find any straight studs at Home Depot. So he pulled the studs out of his 20-year-old Knipp-framed walls and used those for the new addition.

In Bill's words: "True story. I'm holding to it."

There's no marketing line that lands harder than that. Three homes. Thirty years. And lumber that's still straighter than what's on the shelf today.

Bill is now our VP of Pre-Development at National BTR Solutions. The same Knipp Contracting team that framed his first house in 1995 builds the BTR communities our developers underwrite today. Both companies are part of Knipp Enterprises same standard, applied at scale.

Some things don't go out of style. Like a straight stud.

Built by Knipp. Built for BTR.
nationalbtr.com · knippcontracting.com

05/25/2026

05/21/2026

Pipeline data we're watching this quarter

Of 200+ active BTR developers nationwide, only 8 have pipelines past 1,000 units. The market is consolidating — and the pattern matters.

The platforms scaling fastest aren't the ones with the most capital. They're the ones with the most specialization. Repeatable product types. Consistent capital partner relationships. Trade and contractor partners who understand BTR cycle math, not just construction.

Generalist GCs trying to add BTR to their resume aren't keeping pace. The specialists are.

Curious — for the developers reading this: how much weight do you put on contractor specialization in BTR? Is BTR experience a hard requirement on your next deal, or a nice-to-have?

Built specifically for BTR.
nationalbtr.com

05/20/2026

Good news for anyone who builds, finances, or rents housing in Arizona.

The provision that had build-to-rent capital frozen for two months is on its way out.

Quick background: the Senate’s version of the 21st Century ROAD to Housing Act included a rule that would have forced large institutional owners to sell newly built BTR homes within seven years.

The intent was to widen the path to homeownership, a goal I don’t think anyone in this industry argues with. But the mechanism treated horizontal rental communities like they were meant to be sold off door-by-door. They aren’t. Investors and lenders responded the way capital always does to that kind of risk: they stopped writing checks.

This week the House passed an amended version, 396 to 13, that strips the seven-year sell-off rule out entirely. Build-to-rent gets a clean exemption, these communities can be built and held for the long term. Industry groups estimate it protects as many as 72,000 BTR homes a year.

This matters here more than almost anywhere. Phoenix leads the country in build-to-rent, 7,500+ homes delivered in 2025 and a 309% jump in inventory since 2019. When the rules are workable, the shovels keep moving and supply keeps growing.
That’s how you actually bring housing costs down.

It’s not finished. The bill now heads back to the Senate, and the two chambers don’t fully agree yet. But this is the right correction, and it’s worth watching closely.

Building more is still the answer. ~ Jason

05/12/2026

The quiet part of construction nobody talks about…
before the noise, before the finishes, before move-ins… there’s this moment.

Good morning from La Privada. ☀️

05/10/2026

Some amenities don’t show up on the spec sheet. Happy Mother’s Day to the ones holding every community together.

05/07/2026

Everyone’s asking when BTR “comes back.”

The one that matters: what gets framed in 2026?
In our world, it takes 24-36 months from greenlight to first key. Which means the deals being drawn today are the ones that own 2028.

Three signals we’re watching from the field:

→ BTR starts down 19% YoY (84,000 → 68,000). Supply is normalizing on its own.
→ $50B+ in institutional capital deployed since 2020 — underwritten to 7–10 year holds.
→ Capital deployment grew 32% in 2025 while the broader market tightened.

What that means at the pad: 2026 starts deliver into a thinner 2028 supply field, into capital underwriting durability on a 10-year clock, into a renter whose math hasn’t changed and won’t.

We build for that math. Schedules anchored to lease-up windows, not punch lists. Spec decisions made for year-5 NOI, not day-365 turnover. Precon conversations that start with cap-rate sensitivity, not just CSI codes.

If you’re moving on a 2026 start, even before entitlements close, bring us in pre bid. 
That’s where the schedule actually gets built.

         InstitutionalRealEstate PhoenixDevelopment