Home ownership in the US has dropped to levels not seen since the 1960’s, and continues to steadily decline as down payments, closing costs and for-sale housing prices continue to rise, along with other factors impacting home ownership. We believe renters want to save money now, more than ever, and are actively seeking affordable housing options such as brand new multifamily homes or renovated class B/C communities, affording such investments steady rent growth and profitability for our investors.
Allows renters great flexibility over single family housing
Typically close to jobs, restaurants, and transportation corridors
Millennials delaying marriage and single family purchases, seniors downsizing.
Record high loans limit buying power for single family housing borrowers
Does not require large buyer cash down payments
Housing can’t be outsourced, risks that affect other property types
Accretive to the sector but detrimental to others (e.g. Amazon impact on Retail)
Short-term leases allow for quick adjustments when rents increase
B’s can be purchased at discounts to replacement cost