"CEO Identifies New Real Estate Opportunity as Americans Opt to Rent"

Post Brothers CEO Michael Pestronk sees a real estate opportunity in urban areas as some Americans opt to rent instead of buying homes, particularly targeting the "forever renters" demographic. He notes a lack of affordable housing in large metro areas and advocates for larger, high-quality apartments as starter homes. Pestronk highlights a shift towards renting among higher-income demographics and emphasizes the appeal of well-located, infill properties. This trend has attracted both millennials and empty nesters, signaling a shift away from traditional home ownership.