Property Listings

New Construction $200K Build-to-rent Homes

Currently under construction, Circle Point Villas is a new, high end rental home community built by an experienced developer. After rollover of the first leases, additional organic rent growth could be achieved.

High Demand for Home Rentals

There is increasing demand for renters who prefer the privacy and larger size of a home, without the burden of homeownership. Peak home prices coupled with the flexibility of renting and desire for suburban living have boosted the demand for BTR communities.

Trending Demographics Support Rental Rates

Circle Point Villas is primed for a high-level resident profile. Average household incomes within five miles are $66K and is expected to increase by 10% over the next four years. Nearly 52% of residents earn over $50K. Spending 30% of a $66K average gross income for housing equates to rents starting at $1,650.

Maintenance Free Rentals with Flexibility

BTR homes attract millennials, baby boomers and prospective home buyers tired of the house hunt with the flexibility to move when they want, and maintenance free living with professional on-site management. Circle Point Villas offer spacious open layouts, direct access garages, green space, patio and front porch, laundry room with W/D and a full appliance package.

Near Significant Employment

Toyota Motor Manufacturing | Indiana (7,296 employees) is less than five miles from Circle Point Villas. The company is adding an additional 1,400 employees by the end of 2023. Additional employers nearby include Duke Energy (1,400 emp), Vuteq Corp. (654 emp), Deaconess Gibson Hospital (350 emp) and Hansen Corp. (233 emp).

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 248-unit Creek27 Single Family Rental community located in San Angelo, Tom Green County, Texas. This best-in-class asset is situated in southwest San Angelo, minutes from major employment centers, San Angelo’s premier retail corridor, and an array of outdoor and cultural amenities. Completed in 2023, Creek27 represents an outstanding opportunity to acquire a newly-built, single family rental asset in a market that is poised for extended growth as its diverse economy continues to attract talent and investment.

HIGH DEMAND BUILD-TO-RENT DEVELOPMENT

Honor Meadows is a build-to-rent (BTR) community thoughtfully designed with popular interiors and architectural details. The experienced Central Indiana developer, Bridgenorth Homes, uses true craftsmen to build their homes. Renters who prefer privacy, larger homes, suburban locations, and the flexibility of renting have boosted the demand for BTR communities.

POPULAR COMMUNITY ELEMENTS

The planned community will offer nine green common area spaces and a large park with gazebo and fire pit with seating. Home interiors will incorporate a direct access one-car garage, covered front porch, fenced back yard, washer/dryer, walk-in closets, and kitchen pantry, among other popular features.

RAPID EXPANSION OF LEBANON

Lebanon is located within Boone County, Indiana’s 2nd fastest-growing county. Industrial facilities, developments and employment in downtown Lebanon and along the I-65 corridor are growing at a fast pace. This growth includes the recently announced LEAP Lebanon Innovation District, a 7,000-acre mixed-use campus with Eli Lilly as a major tenant (less than two miles from Honor Meadows).

QUICK ACCESS TO NOTABLE AREAS

Lebanon’s rapid growth can be attributed to its location along I-65 with quick access to key areas such as Whitestown, Zionsville, Westfield, Lafayette, downtown Indianapolis and the Indianapolis International Airport.

Lebanon, Indiana is facing a housing shortage due to its location in rapidly growing Boone County (31% population growth since 2010). There is a lack of housing options, especially for temporary construction, and permanent jobs needed at the new LEAP district. Honor Meadows is ideally located just east of the LEAP district, making it a prime housing option. CLICK HERE FOR MORE INFORMATION

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Park Ridge, a 122-unit Build-to-Rent townhome community in Myrtle Beach, SC on a forward sale transaction. The property is strategically located in the nation’s fastest growing city, boasting 32% population growth since 2011. Situated in the market’s primary recreation node, Park Ridge offers unbeatable access to the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the east coast’s largest wake park next-door. Myrtle Beach’s rapidly expanding millennial and boomer demographic bases highlight the submarket’s unique ability to support unprecedented growth within the Build-to-Rent space, as skyrocketing home-ownership costs and limited supply continue to price prospective home-buyers out of the market. Delivering in 2023, the Class-A community will feature best-in-class finishes and amenities, appealing to the area’s established tenant base who desire the conveniences of single-family living without the burdens and increasing financing costs of ownership. Market comparables and submarket projections outline the property’s vast rent potential (almost $2,400 at first CO), and highlight incoming ownership’s opportunity to acquire a differentiated, high-quality asset at an extremely attractive basis.