Developing Build-to-Rent Communities

13 July, 2022

Bohler’s Jon Kendall and Daniel Hines Share Their Insights

“Being able to create a design that is pleasing to the community is important,” Director of Land Strategy Jon Kendall recently told REBusinessOnline. “You’ve got to show that you’re getting creative with the open space and amenities. You must demonstrate the connectivity.”

The build-to-rent (BTR) model – a hybrid between single-family and multifamily rental products – has gained significant traction in the commercial real estate market. However, the concept is new in many areas and local communities often have questions about how these developments are zoned and operated. In a recent interview with REBusinessOnline, Jon and Principal Daniel Hines weigh in on the importance of educating jurisdictions about the BTR concept and easing their concerns.

“There’s [sometimes] a fear that tenants might not keep up their lots because they don’t own them,” explains Daniel. “Operations details depend on the developer… [but] often the property management group is maintaining everything … like they would in a traditional multifamily community.”

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Garnering buy-in from cities, towns, or local communities for BTR can be as simple as outlining how the units fit into the existing housing ecosystem. Developers are finding success in considering local trends when planning appearance, price point, the number of stories, and more. Together with site planning and engineering design teams across Bohler’s footprint, Jon and Daniel work with developers to guide due diligence, determine appropriate sites, and harmonize with local jurisdictions to streamline entitlements.

Considering developing a build-to-rent community? Contact Jon (Texas) or Daniel (North Carolina).

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