Build-to-Rent Townhome Communities
We are focused on building rental townhomes in Middle America (secondary cities that are fast growing but far from major urban centers). The rental townhomes are designed for families with incomes under $80,000*, and rents under $2,000*. We build only in secondary metros, that have reasonable vertical construction costs, allowing rental townhomes to be built with extremely reasonable rents.
* 2023 numbers, will be adjusted for inflation
* 2023 numbers, will be adjusted for inflation
A profit-with-a-purpose mission to build rental townhomes in underserved fast growing secondary markets in low property-tax states.
Americans naturally realize that we have a housing gap between apartments and single-family homes. Build-to-rent was supposed to fill this gap, but BTR townhomes are far too expensive in most metros for rents to be reasonable. Therefore, we are focusing on mid-size metros that have a certain threshold of vertical cost of construction. By doing so, our developments have higher profits, higher velocity initiative with extremely strong retention rates.