US: ARK Homes for Rent says it is finalising plans with strategic investors that will allow it to invest up to $2 billion in SFR and BTR communities.
The company says it will be inviting home builders, landowners and others to join the platform for the execution of its plans.
Over the next three years, ARK Homes for Rent will focus 65 per cent of its investments in BTR and 35 per cent in newly built SFR. The firm is mainly targeting fully entitled projects.
“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 and 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.”
“While we only invest in newly built SFR, we are value hunters and look to provide the best returns for our investment partners and feel we are in a position to really make an impact on this growing industry,” added Kavana.
The ARK Homes for Rent portfolio offers renters 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 preventative health and wellness platform created to foster their overall health and well-being. The app provides holistic well-being solutions for every resident, regardless of their goals, income, cultural background, family situation, or personality type. Residents also have access to round-the-clock customer service, property maintenance and tenant communications.
