Build-to-Rent Market Investment Outlook – Kevin Conlon, Principal and Co-Founder

• 2021 was a banner year for real estate. We also saw significant gains in the stock market, which generated a greater amount of investable wealth. [Timestamp 2:55]
   
• When home prices rise more than net operating income, capitalization rates/gross rental yields are compressed.  [Timestamp 05:16] 
   
• Once rent increases start to keep pace with or exceed home-price appreciation, we’ll see cap rate compression start to flatten.  [Timestamp 10:02] 
   
• Analysts predict we’ll see above average home-price and rent appreciation both nationally and in the Memphis MSA in 2022. [Timestamp 12:20] 

Overview of the Memphis Market – Kent Coykendall, President

• Meridian’s rent-collection rate continues to be exceedingly strong at 99.7%, and our 4% vacancy rate is much lower than the Memphis average. [Timestamp 16:33]
   
• Last summer, Meridian determined it was in the best interest of our investors to do away with the 4% rent cap. As a result, we are securing higher rents for our clients at renewal and lease-up time. [Timestamp 20:11]
   
• There is a great shortage of available properties in the Memphis area. Coupled with affordability, we expect continued upward pressure on home prices. [Timestamp 24:43]

2022 Opportunities for Investors – Brian Conlon, Business Development Manager

• Meridian is very intentional as we choose where to build, when, and why. [Timestamp 29:20]
   
• In 2022, we will be selling investor homes in the Mississippi cities of Byhalia, Southhaven, Walls, and Horn Lake. [Timestamp 31:20] 

Finally, during our next Live Quarterly Webinar, we will feature a guest speaker who will discuss several new loan products available to investors. No matter what your investing goals may be, you won’t want to miss this, so mark your calendar for Thursday, April 7 at 10:00 a.m. PT.