Many people nationwide are opting to rent instead of buying a house.

In response to that trend, RealtyMogul.com is launching its second real estate investment trust, MogulREIT II, which will target the multifamily market.

The REIT will invest in multifamily properties nationwide that are performing well and those that offer value-add opportunities with appropriate risk-adjusted returns and potential for appreciation objectives, according to the company.

“We’re very excited to launch MogulREIT II, and are already seeing strong interest from our investors," RealtyMogul CEO and co-founder Jilliene Helman said. "We’ve been seeing great opportunities in the multifamily sector and with the rising interest amongst modern Americans of all ages to maintain a flexible lifestyle, think it’s a smart decision to launch an investment product centered around multifamily housing.”

About 71% of Americans believe the homebuying process is overwhelming, according to a recently commissioned Harris Poll by RealtyMogul. Roughly the same amount believe most people will need to rent well into their 30s before they can save enough money to buy a house, according to the poll.

The apartment market has recovered strongly after the last recession, with an average annual effective rent growth of 3.9% per year between 2010 and 2015, according to the U.S. Census Bureau’s Housing and Vacancy Homeownership Report.

RealtyMogul notes only properties that have been examined through in-house analytics and underwriting will be part of the new real estate investment trust. The Los Angeles-based firm spends over $1M a year to use third-party data and technology to vet deals.

MogulREIT II connects investors through RealtyMogul’s platform so they are able to avoid paying broker commissions.