Build-to-Rent" ("B2R") product, that is the construction of homes in a community intended to be leased, as opposed to sold, is an emerging sub-product within planned communities. B2R product is similar to a multifamily rental project in that a single owner owns, operates and maintains homes leased to residents. B2R projects provide tenants the benefits of a planned community, including access to community amenities and a "neighborhood feel."

But what differentiates B2R product from typical home rentals from a planned community perspective?

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