Tenants who are often remote working or hoteling from the office 2-3 days a week
High earning renters who are social gravitators of neighborhood experiences
No longer focused on immediate rental areas surrounding employment centers, but on suburban centers complimentary to their active lifestyles
New construction ”Class A“ products advance surrounding community gathering places, such as, coffee shops, co-working spaces, and yoga/wellness studios. By targeting the accessible surrounding “Class B&C” products that can be cosmetically updated with desired “Class A” finishes at attainable rental price points, we establish fiscally responsible longer term tenants.
These desirable locations outweigh tenant requirements for larger unit sizes and greater parking ratios by focusing the value on unit finishes, safety, and active property management engagement creating an attractive investment profile. Similar to the “Manhattan Effect”, renters are not hosting guests at their apartments, but walking to the nearest community centers to meet friends for experiences.
There are 22 states in the US with 3% or greater job growth. The top states were Texas, Nevada, Florida, and Georgia.
The top 10 cities millennials are relocating to: Austin, Denver, Dallas, Raleigh, Jacksonville, Henderson, Salt Lake City, Virginia Beach, Tampa, and Nashville.
The most landlord friendly are Alabama, Arizona, Colorado, Florida, Georgia, and Texas.
Millennials are the largest segment in the US, even bigger than Baby Boomers. Millennials were born between 1980 and 2000.
Home ownership and marriage are not a priority for millennials, making renting an appealing option compared to previous generations.
60% of millennials don’t feel buying a home is extremely important and choose to rent.
Millennials are 50 percent more likely to relocate and 16 percent more likely to switch industries for a new job than other generations.
The team has dedicated the past five years to proving our value-add investment strategy. We are now seeking to expanding to new markets targeting larger assets. As the real estate market adjusts to emerging demographic shifts, we aim to capitalize on these changes by positioning ourselves in metros appealing to businesses and tenants seeking better lifestyle options.
INVESTOR RESOURCES
