We are at the forefront of the dynamic Build-to-Rent segment.
We have partnered with the top developers in Build-to-Rent, those who are leading the way in building out this exciting market segment, so we know firsthand what matters:
About Build-To-Rent
Offer prospective residents the powerful combination of the space and privacy of a single-family home, with the ease and financial flexibility of a rental property.
Provide these renters-by-choice with a compelling property, featuring high-quality amenities and attractive new construction homes.
Develop and manage communities that can capture a market segment where rent increases have consistently outpaced those in conventional apartments.
Profitably blend the two disciplines of single-family building and multifamily investment and management.
Today, Asset Living has 11 B2R properties under management, totaling close to 2,000 units.
Our participation in Build-to-Rent is a natural fit.
We have decades of property management experience in more than 200 markets across the nation.
We understand how to bring quality lifestyle amenities to a wide range of residential property types.
We are proven at running renter-centric leasing and maintenance programs.
We understand how to maximize the lease-up period using property specific marketing strategies.
Delighting the resident with superior customer service is critical, and we know how to recruit top talent and support them with ongoing training and access to specialized skills.
We have an excellent track record for predictably and cost-effectively maintaining properties to our clients’ satisfaction.
Case Study: Build-to-Rent
Hampton East
Mesa, AZ
Property hit 97% occupancy after 6-month lease-up, exceeding goal of 95%.
Property Problems
This was client’s first B2R property.
Introduce B2R product type to market.
Achieve highest rent/sq.ft. price in market.
Launch Phase 1 with 143 units with future phases planned.
Our Solutions
Started lease up roughly 90-120 days prior to first CofO.
Added premiums in each phase, increasing rates 9% over 6 months.
Higher end finishes to compete with newer apartment product.
Full marketing program: branding, website, and marketing collateral.
In-depth walk-throughs ensured perfect product delivered to resident.
Our Results
Lease-up completed 4 months quicker than anticipated.
Property hit 97% occupancy after 6-month lease-up, exceeding goal of 95%.
Success of Phase 1 lease up ensured client continued building phases 2 and 3, growing overall unit count to 350.
Year 1 retention of 72%, and hit a staggering 75% for 2020, versus industry average of 45%.
Able to command premium pricing with rent increases averaging over 15% year over year.
Property operating at/below .5% delinquency during and post COVID.
We have the expertise needed to manage successful, compliant Affordable Housing