Build-to-Rent is emerging as a new asset class, and it is drawing billions of dollars of investment.
Some of the notable investments are from Blackstone, Invitation Homes, Pretium, and Middleburg Communities. The investments from these four firms total nearly $10 billion dollars.
For developers and construction companies, the big draw to build-to-rent is the faster construction and early occupancy. Build-to-rent homes are getting finished in as little as 8 months, versus the typical two year timeline in multifamily projects. This generates income sooner, which offsets construction and financing costs.
For consumers, it offers the flexibility of renting with the advantages of single-family homes. These projects are consistently maintained and often offer great amenities.
Two of these communities have been proposed in Noblesville. One near 196th St & Promise Rd, and the other near Hazell Dell Parkway and 161st St.
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1moSmall world! I worked for the management company that built this property and we had a lot of fun designing and watching this come together life. Great job, Blaze Capital Partners, LLC