Waterton's recent acquisitions include Pensacola Place, a 264-unit rental community in Chicago's Uptown neighborhood.
Rising rents and record-low mortgage rates have made homeownership more appealing, but a recent Gallup poll found that many non-homeowners do not want to - and, in some cases, cannot afford to - purchase a home. As Taylor Johnson client Waterton Associates explains to MainStreet.com, the relative affordability of renting, combined with a limited supply of affordable homes in many metros, will continue to keep would-be buyers on the sidelines as they enjoy all today's highly amenitized rental communities have to offer.