ARK Homes for Rent Targets $2 Billion Investment in Single-Family Rental Veritcals
On the heels of rebranding, one of the country’s leading single-family rental home operators, ARK Homes for Rent™ has announced today that it is finalizing plans with strategic investors that will allow it to invest up to $2 billion in single-family rentals (SFR) and built-to-rent (BTR) communities. Known as a trailblazer in the real estate industry for identifying opportunities in the SFR arena, ARK Homes for Rent will be inviting home builders, landowners and others to join the platform for the execution of said plans.
“With the capital market uncertainty and debt-financing difficult to come by for many that do not have our deep bench of relationships, our firm is in the rare position to provide capital to invest in one the fastest growing real estate industries,” said Jordan Kavana, Founder & CEO of ARK Homes For Rent. “Our team has been successfully identifying SFR market opportunities and creating strong risk-adjusted returns for investors since 2008. With the right partners, we expect to grow our portfolio pipeline from nearly 10,000 homes to more than 20,000.”
Over the next three years, ARK Homes for Rent will focus 65% of its investments in BTR and 35% in newly built SFR. The firm is mainly targeting fully entitled projects. Currently operating predominately throughout the Sun Belt region, ARK Homes for Rents continues to identify strong markets within growing MSA’s in commerce, industry, and innovation for investment opportunities.
With home prices at an all-time high and interest rates continuing to climb, many potential home buyers are turning to the SFR market to meet their housing needs. Unlike other SFR operators ARK Homes for Rent portfolio only provides tenants with new homes with builder home warranties from industry-leading home builders. The ARK Homes for Rent™ portfolio offers renters exceptional amenities, including new appliances, granite countertops, decorative backsplashes, energy-conscious appliances, and hardwood floors.
In addition, tenants of ARK Homes for Rent have access to ARK Living™, a proprietary — and first-of-a-kind — preventative health & wellness platform created to foster their overall health and well-being. Only available on the ARK Homes for Rent, the app provides holistic well-being solutions for every resident, regardless of their goals, income, cultural background, family situation, or even their personality type. Residents also have access to round-the-clock customer service, property maintenance and tenant communications.
For additional information on ARK Homes for Rent™, please visit
link
