The Wall Street Journal recently published an article Built-to-Rent Suburbs Are Poised to Spread Across the US. The author discusses the impact on suburbia as economic forces and generational preferences are leading to a new kind of housing: subdivisions designed for renters and managed like apartment buildings. The model has taken off around Phoenix and elsewhere—and is likely to become a dominant force in the rental housing market in the coming years, with implications for the communities that surround them, and the nature of home ownership.
Did you know? Phoenix is the fastest growing city in the US for the 5th year in a row. Phoenix added more people than 24 states, according to the Census estimates. Maricopa County added more population than 36 states. Phoenix’s population growth also exceeded Austin, Texas, and Denver, Colorado, combined growth numbers.
Empire Group is one of the leading residential real estate developers in the greater Phoenix metropolitan area and one of the early pioneers in developing gated, state of the art, single-family build-for-rent communities. Their programs offer investors a unique way to participate in the fastest growing metro areas in the US with favorable market trends and demographics. Empire is currently in various stages of planning, development and completion on over a dozen of these communities with a plan to build 25+ within the next 3-5 years. Join us for a virtual lunch & learn discussing the opportunity and where this type of strategy fits in an overall asset allocation.
Wednesday, September 8th, 12-1 pm, register below. Lunch will be delivered to your home or office prior to this virtual lunch & learn. This presentation is suitable for accredited investors only.