News of the Sentinel tie-up with PGGM comes amid debate over the role that local super funds could be playing in sponsoring the build-to-rent sector.
Among them is Sentinel, one of the world’s major operators of BTR dwellings, known in the US as multi-family. Sentinel manages more than $13 billion of real estate assets, including over 26,000 rental apartments.
Adding momentum to Sentinel’s strategy is a looming shortfall in housing over the next decade as migration and population growth push demand well ahead of supply. That shortfall could hit 163,400 dwellings by 2032, according to modelling by theMr Streicker said BTR-style living has a significant role to play in the housing mix available in Australia.
On its side, PGGM, which has partnered Sentinel in the US, is already a familiar player in the Australian market, backing fund managers such as Lendlease and Charter Hall.
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