Build-to-Rent gains momentum in Twin Cities suburbs — Northmarq’s Pete O’Neil featured in Star Tribune
The Minnesota Star Tribune recently explored the rapid growth of build-to-rent communities in Twin Cities suburbs as developers respond to shifting housing demand. These communities are attracting renters who want more space and a neighborhood feel, especially empty nesters and families priced out of homeownership.
Northmarq’s Pete O’Neil points out that build-to-rent is gaining momentum because it meets consumers where they are financially while still delivering many of the benefits of owning a home. His perspective reinforces that this product type is moving from a niche offering to a more established part of the suburban housing mix.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.