Construction News

Sean Rust, vice president of development for NexMetro, the company behind South Pine where Brown now lives, told the outlet that there is a lot of demand in Atlanta for rental properties as home prices have soared, putting homeownership out of reach for many of the city’s working professionals. “I enjoy having a maintenance team on site. I can call the office and say my refrigerator needs to be fixed instead of paying for that stuff out of pocket.” Georgia’s state capital, which saw its population expand by 75,000 people in a year, ranked third—behind Dallas and Phoenix—for both the number of completed rentals in 2024, at around 3,000 units, and for homes currently under construction, at 6,880 units. Another major Texas metro, Houston, was the third in the nation for the number of BTR homes, which stood at around 8,800 last year—with just under a quarter of them completed in 2024 across 16 communities. The surge should come as no surprise, given that the busy Texas hub added roughly 178,000 new residents from 2023 to 2024. Build-to-rent housing works similarly to apartment buildings under property management companies, but offers a single-family living experience in a community setting.

BTR projects consist of attached and detached homes, developed en masse within a neighborhood, where all units are owned and managed by a single entity. As always, please let us know when you run into issues or have suggested additions, and we’ll roll out fixes and new features in future versions. Lock in a long-term rate, stabilize your cash flow, and use the equity you created through construction to fund your next project.

Build-to-rent construction creates purpose-built rental properties with instant equity and premium tenant appeal. Rental Home Financing offers construction and term loan programs designed for build-to-rent investors. Purpose-built rental homes can also incorporate low-maintenance materials and durable finishes that reduce turnover costs between tenants. You offer a new-construction living experience to people who either cannot or choose not to buy. Many people want the quality of a new home without the commitment and financial burden of ownership.

Efficiency & Scale

In fast-growing towns like Fountain Inn – a small city that lies across both Greenville and Laurens counties – the growth of rental home communities is already playing out. These developments, says Don Walker, CFO of Burns, in San Diego, cater to tenants who typically have an annual household income between $100,000 and $150,000 per year. Build-to-rent, or BTR, refers to house developments – neighborhoods – that are built by developers with deep pockets.

• But as mortgage rates and home prices increased, so did the popularity of long-term rentals, offering a “house” feel, as well as greater privacy, flexibility, and more space to people who have been priced out of homeownership.
• Some have owned homes and now want to live without the constant upkeep; and some BTR residents – 62 percent, in fact, according to a Burns survey – have moved in from a different city or state.
• In BTR communities, developers and investors create entire neighborhoods with the intention of managing them as rental properties.
• Many households, especially younger generations, prioritize flexibility.

One of the most compelling aspects of build-to-rent is the ability to create “implied equity” before the property is even occupied. Full occupancy comes easier, and tenant retention rates tend to be higher because residents have fewer alternatives. When you build entry-level rental homes in markets where people need affordable places to live, you are filling genuine demand. This supply gap creates a massive opportunity for BTR investors. During the construction phase, lenders release funds in milestone-based draws tied to completed stages — foundation, framing, finishing. Building at cost and completing at market value creates instant equity that strengthens your portfolio’s balance sheet.

We establish the same standards across the board, so you can expect the same durability, features, and design of a for sale home – now for rent. The team has been extremely responsive to any issues and open to suggestions from Haven as a https://newmexicodesign.net/environmental-marketing-in-the-trend-in-the.html client. Spencer also co-founded Adventures in CRE, served as President at Stablewood, and holds a BS in International Affairs from Florida State University and a Masters in Real Estate Finance from Cornell University. It is based on A.CRE’s Apartment Development Model and tailored to BTR assumptions, such as detached/attached single-family homes designed for long-term rental under one ownership structure.