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RET Ventures, a venture capital firm, led a funding round in Picket Home, a technology company. Financial terms were not disclosed. “Single-family rental homes are attracting significant investment from many of the world’s largest institutional investors. These homes represent a highly stable asset class that can offer strong, long-term returns for the investor community. But equally important to us, single-family rentals can offer outstanding benefits for the growing number of Americans who would rather rent a well-managed home than take on the financial burden and inflexibility of a 30-year mortgage. The venture capital we’ve attracted reflects confidence that demand for single-family rental homes will continue to accelerate and that our SFR-focused technology and services will continue to exceed the expectations of both the investors and residents we seek to serve," Hench LeMaistre, Picket Homes CEO.
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