Active
Amber Pines at Fosters Ridge
Conroe, TX
Overview
Asset class
Real estate
Asset type
Build-for-rent
Strategy
Core plus
Funds
Growth eREIT
Updates
New acquisition
February 5, 2021
The brand-new community is already roughly 98% occupied, creating an attractive potential for cash flow in the short term while being positioned for outsized growth over the long term.
Rental home community near Houston
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Progress update
July 30, 2021
The property is now fully leased and has achieved 100% in rent collections for two consecutive months, reinforcing our belief that affordably-priced rental housing in growing areas, particularly in the Sunbelt, will generate consistently strong returns.
Financing obtained along with strong performance at Houston-area rental home community
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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
Core plus
Acquire and operate stabilized, cash flowing properties
- Expected variability of return: Moderate
- Timing of expected return: Begin earning income shortly after acquisition
- Primary expected source of returns: Rental income with some growth
This section is intended to provide a general overview of the Core plus 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.
