US-based real estate goliath Blackstone is seeking to expand its footprint in the Australian Build To Rent market.

Build To Rent, a model which challenges traditional retirement villages for the lucrative baby boomer market, has seen significant interest from global real estate and investment firms in recent weeks, including Sentinel and Lendlease.

Blackstone, which currently owns two Build To Rent projects at Kangaroo Point in Brisbane (above) and at Caulfield Village in Melbourne, sees in BTR an opportunity to generate rental income growth that outstrips rising costs, as reported in the Australian Financial Review.

Blackstone already has a sizable rental housing portfolio overseas, including in the US, UK, and Europe.