In a partial equilibrium I could see this, due to management company inefficiencies to scale for small clients versus massive corporate clients. But it would li

In a partial equilibrium I could see this, due to management company inefficiencies to scale for small clients versus massive corporate clients. But it would likely be offset by general equilibrium factors pushing down housing prices (demand limiting) which translates to decreased rental pricing (as well as potential for limiting rental supply). I'm not sure how it would qualitatively affect the builder's market.