DR Horton Intern BTR Quiz

1st Series: Which of the following best describes a DHI Build-To-Rent community?

• An apartment building

• a single family rental home

• a cluster of 3+ single family rental homes

• A dedicated rental community (or pod) generally made up of single family rental homes or townhomes that is professionally managed

1st Series: T/F - DHI's first community that included all 4 property types (For-Sale SF, BTR, Conventional MF, & Horizontal MF) was located in Charleston, SC

• True

• False

1st Series: What is the approximate total of occupied households in the US?

• 74 million

• 103 million

• 123 million

• 147 million

1st Series: What is the approximate rental percentage in the US?

• ~27%

• ~38%

• ~46%

• ~52%

1st Series: What percentage of single family rentals in the U.S. are owned by institutional owners?

• 2%

• 6%

• 9%

• 22%

2nd Series: Discretionary renters have increased by approximately ___ over the last decade.

• 53%

• 72%

• 89%

• 100%+

2nd Series: What has been the apartment same store year-over-year NOI growth over the past 25 years?

• 2.8%

• 3.4%

• 5.7%

• 10.2%

2nd Series: What age group is expected to grow the fastest in SFR over the next decade?

• 21-24

• 25-34

• 35-44

• 45-54

2nd Series: Do some 3rd parties consider horizontal multifamily as BTR product?

• True

• False

What average unit size would be most correlated to horizontal multifamily product?

• 650 sq/ft

• 1000 sq/ft

• 1800 sq/ft

• 2500 sq/ft