Taylor Morrison & Kennedy Lewis $3B BTR Land and Construction Facility

Deal value: $3 billion

Taylor Morrison entered a $3 billion land and construction financing facility with Kennedy Lewis to support its Yardly build-to-rent brand, targeting new BTR communities across the U.S.

The core motivation is to capitalize on the surging demand for single-family build-to-rent (BTR) housing, driven by affordability challenges in homeownership and demographic shifts favoring rental flexibility. Taylor Morrison seeks to scale its Yardly BTR platform nationwide, leveraging institutional capital to accelerate land acquisition and development. The timing reflects both persistent housing shortages and investor appetite for stable, income-generating residential assets.