This week a small Tampa, Florida-based builder, ERC Homebuilders, is launching a "soft" IPO, hoping to raise $100 million to build more than 1,000 rental homes across the state. It is offering investors private shares using Regulation A+, a form of investment crowdfunding that allows small companies to raise limited funds from the general public. Accredited and nonaccredited investors can participate.
"We recently entered an agreement with one of our long-standing third-party relationships to build homes that will be purchased by that third-party in a stand-alone rental community," Lennar President Rick Beckwitt said on the company's earnings call. "This community is in Florida and is the first in what we believe will be an ongoing business strategy and relationship where we build and sell homes in bulk on land owned by third parties with no lease-up risk."
Adhiraj Constructions Pvt.Ltd. is a renowned name in the real estate industry. Their main motto of their work is to create something better and offer it at a price which maximum people can afford. Credit-ability, innovative thinking and artistic craftsmanship are their main traits of their success. The company carefully inspects all the steps during construction. They always believe in keeping an eye on the quality to ensure to ensure costumer satisfaction in its every project. Backed by a strong and well-knit professionals,Adhiraj Constructions Pvt.Ltd. aspires to climb new heights of success.
The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.