EVR Build For-Rent-Model
El Dorado Holdings Inc. has recently entered the Build For Rent market and Branded it “EVR”
Each unit includes a private fenced backyard with pet door and a pet park.
Both detached and attached homes with a low density
For parking, all spaces offer covered parking and garages to rent.
Perfect model for your
convenient living
Product Types for
Build-For-Rent
Shown on this exhibit are some of the product types and configurations emerging in the evolving BFR sector.
Within each of these categoriesthere is further stratification, in terms of unit size, community amenities, and age-targeting.
Some build all four-bedroom units, targeting larger families and those who need an office for work-from-home, while others opt for smaller product to keep rents below a certain threshold.
Trajectory of Build-For-Rent
How Build-For-Rent Could Grow
Source: Hunter Housing Economics’ September 2021 forecast all types of built-for-rent housing starts, including SFD, SFA, and horizontal multifamily. Total is expected to eventually surpass 200,000 new-construction units per year.
Why single family for rent…
Single Family Build-to-Rent (Horizontal Apartments) Communities are designed to attract today’s discerning renter who seeks the advantages of a home while avoiding the responsibilities and cost of home ownership, such as mortgages, repairs and maintenance
Some 52% of all rental units in the U.S. are single family home, housing 27 percent of all renters. From the peak of the housing boom in 2005 until 2010 single family rentals grew at 21% versus just a 4 percent increase in total housing units. – Census Bureau data
Whether it be Millennials, Gen Zerz or even Baby Boomers, the number of renters increased by more than 23 million from 2006 to 2016 -U.S. Census data
An expected 700,000 single-family units designed for the rental market are expected to be built nationwide over the next 10 years, but that’s still not enough to keep up with growing demand. -RCLCO Real Estate Advisors
Single-family tenants are more affluent: their median income is $11,000 higher than multifamily tenant. JBREC institutional BFR clients indicate that their tenants have incomes at even greater disparity above multifamily counterparts. -John Burns RE Consulting
Single family homes now comprise 35% of all rentals and 11% of households. -Home union MYND Investor Services