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by Charlie Kriegel (Author)
Build-to-rent (BTR) is a new kind of rental community. These are communities designed for people who prefer to rent housing but want a place that feels more like home. They take the best aspects of single-family rentals and upgrade the experience by developing all homes inside a professionally managed community.
With the average sales price for a home across the US at $350,000, a mortgage is out of the reach of most people. BTR developments, which resemble traditional, gated neighborhoods, are currently one of the best options for affordable housing. These communities are ideal for families, young professionals, and empty nesters, people who want to live near good schools and shopping, want to have pets and a backyard for entertaining, and want neighbors they care about -- they want it all at a price they can afford. That's what BTR gives them. The American dream of homeownership is evolving and c u rrent conditions make this the first time in US history that it's cheaper to rent than it is to purchase; already, more than 30 percent of single-family homes are owned by investors. Yet there is a lot of misunderstanding and rhetoric about the BTR model, making it difficult to get to the truth. BTR is a significant trend that is reshaping the real estate industry, so it's important for builders, investors, brokers, developers, realtors, and anyone interested in real estate investing to know about. In Build-to-Rent: The How-to Guide for the Institutional Investor, Charles Kriegel provides insights into this new type of housing and investment. As someone integrally involved in the development of BTRs in Texas, Char les shares insider information on how BTR works, identifying a valid BTR site, the feasibility period, entitlements, funding, horizontal and vertical construction, expected returns and absorption rates, stabilization, and exit strategies to help readers see that it's a viable affordable housing option for today -- and tomorrow.Back Jacket
An exciting new investment class is trending in the real estate market. Build-to-rent (BTR) is a new solution for the shortage of affordable housing in the US. But BTR is a misunderstood concept, even perceived by some as a means of as destroying the American dream of homeownership. Charles Kriegel breaks through the rhetoric to reveal the upsides of BTR, which are professionally managed communities of single-family homes designed for people who rent but want the comforts and amenities of homeownership.
Whether you're a builder, investor, broker, developer, realtor, or someone interested in real estate investing, Build-to-Rent: The How-to Guide for the Institutional Investor contains practical, helpful information about how BTR works, identifying and developing a site, the difference in funding with BTRs, expected returns and absorption rates, exit strategies, and more for this new type of real estate investment. As an industry expert in the development of BTRs in Texas, Charles will help you see that BTR is a viable option for affordable housing that is here to stay.
Author Biography
CHARLES KRIEGEL is an industry innovator, CEO/Owner of WinHill Advisors-Kirby, and one of Houston's top-selling and most trusted real estate professionals, named #6 among Houston's Top Real Estate Teams by the Houston Business Journal. Since 2004, Charlie has worked with individuals, investors, developers, and institutional buyers who are interested in the city's most coveted properties.
Charles oversees a team of more than 80 licensed agents who provide personalized attention based on the highest standards of integrity for even the most complex transactions. His expertise in the local market has resulted in a remarkable track record of connecting clients to real estate homes and investment properties that meet their needs and goals.
