Completed
Build-for-rent
North Hollywood, CA
Overview
Asset class
Private credit
Asset type
Build-for-rent
Strategy
Fixed income
Funds
Income Real Estate Fund
Updates
New acquisition
April 22, 2019
Located just outside the LA city limits, North Hollywood continues to benefit from the metro area’s strong population growth.
New acquisition: Ten home pre-development in North Hollywood
View update
Exit
October 7, 2020
The project generated an annualized return of roughly 10%, supporting quarterly dividends for Income eREIT II investors.
Exit update: LA land entitlement project pays back successfully
View update
Location
North Hollywood, CA
Asset type
Build-for-rent
Build-for-Rent (BFR) homes are newly constructed properties designed specifically for renting, typically built in communities of 50 to 200 units, and operate similar to an apartment building. As home ownership costs soar and the demand for larger living spaces increases, BFR stands out as the next major asset class in real estate as it capitalizes on the growing need for single-family rentals (SFRs). Our BFR strategy involves bulk purchasing directly from builders and managing the rental process, allowing for superior pricing and returns compared to acquiring individual, already-completed homes.
Our strategy
Fixed income
Provide real estate backed loans or similar financing
- Expected variability of return: Low
- Timing of expected return: Typically begin earning interest immediately
- Primary expected source of returns: Interest income
This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.