#524: How Build-to-Rent is Transforming Residential Real Estate

In this informative episode of the Denver Real Estate Investing Podcast, host Chris Lopez explores the rapidly expanding Build-to-Rent (BTR) sector with industry experts Ryan Watts of Red River and Bill Morton of Leo Brown Group. They offer an in-depth analysis of their Centerville, OH Build-to-Rent (BTR) project highlighting why BTR is emerging as a notable asset class for astute investors.

Key highlights of this podcast include:

• A comprehensive overview of a $58 million BTR development
• Projected returns in the mid to low 20s IRR and a 2x investment multiple
• Strategies for identifying prime locations with high barriers to entry
• The strategic advantages of vertically integrated construction and property management
• Innovative phased construction approaches for optimized cash flow

Ryan and Bill share their expertise on:

1. Recognizing and leveraging opportunities in undersupplied markets
2. The strategic benefits of in-house construction and property management
3. How phased development can lead to earlier revenue generation
4. Designing amenities that appeal to both young professionals and empty nesters

This episode offers valuable insights for seasoned real estate investors and newcomers alike. Learn why Build-to-Rent communities are reshaping the rental market and how investors can position themselves within this growing trend.

Tune in to gain a comprehensive understanding of this emerging asset class and the strategies driving its growth. Expand your real estate investment knowledge and explore the potential of Build-to-Rent communities in this must-listen episode.

https://youtu.be/0GhPQ-0Ls64

Timestamps

(06:10) Selecting the Right Market: Centerville, Ohio

(12:20) The Importance of Local Sponsors in BTR Development

(18:12) The Construction Process and Milestones for Centerville, OH Build-to-Rent (BTR) Project

(24:25) Keeping Residents Happy During Construction

(30:26) Expected Returns for BTR Investors

(33:42) The Future of BTR and Red River’s Growth Strategy

Links to Podcast

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Check out our other Red River podcasts:

#520: Inside the Making of a $30M Build-to-Rent Community #516: The Rise of Build-to-Rent and Why Investors Should Take Note

Who is Red River?

Red River Development is a vertically integrated real estate development company with a focus on developing and operating class-A build-for-rent residential communities under the management brand: Trulo Homes. A unique and growing space in the housing market, luxury rental communities provide the comfort and privacy of single-family homes with the convenience and amenities of high-end multifamily rentals. Red River sees extensive market opportunity in the Build-To-Rent (BTR) space throughout the Southern and Midwest U.S. with a substantial pipeline of developments planned to break ground later in 2024 and beyond. Red River is headquartered in Dallas, TX with a second office in Tulsa, OK.

Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.