Active

Heron Bay

Locust Grove, GA

Overview

Asset class

Real estate

Asset type

Build-for-rent

Strategy

Opportunistic

Funds

Update

New acquisition

December 23, 2021

This investment fits into our broader strategy to invest in affordably-priced rental housing across the Sunbelt.

Single-family rental development near Atlanta, GA

View update

Location

Locust Grove, GA

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

Opportunistic

Acquire and (re)develop properties, often from the ground up

Expected variability of return: Very High
Timing of expected return: Often two years or more to begin seeing returns
Primary expected source of returns: Growth

More about our strategies

This section is intended to provide a general overview of the Opportunistic 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.

Associated funds

Balanced eREIT II

Open Real estate

The Balanced eREIT II acquires Class A multifamily primarily throughout the Sunbelt, following our consistent themes of affordable-priced residential, the attraction of lower-cost regions and the rise of remote work.

Flagship Real Estate Fund

Open Real estate

Our Flagship Real Estate Fund is designed to deliver long-term appreciation from a diversified portfolio of our most favored real estate investment strategies: build-for-rent housing communities and multifamily and industrial assets in the Sunbelt.