Providing affordable, middle-market housing for the under-served Millennial and Middle-Income market (the "MiMi"s)

The Increasing Gap in Affordable Mid-Market Housing

In cities across the United States, a large segment of the population makes too much money to qualify for subsidized housing, but too little to afford most market-rate rentals. These people are forced to move farther away from urban centers and consequently pay more in transportation costs. They then have little to no remaining income to contribute to their local economies.

The Renascent Group, LLC will capitalize on this opportunity by acquiring and re-positioning affordable, middle-market properties in select markets in the southeastern U.S. We can draw on our extensive experience in the multi-family housing construction and real estate industries to address this problem and provide attractive returns for investors.

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About

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Investors

Investors

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Brokers

Brokers

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Target Markets

Why Atlanta?

The Renascent Group has identified three MSAs in the southeastern US where industry wide growth supports continued apartment demand. In The Atlanta MSA, conditions are ripe for investment:


  • According to the U.S. Census Bureau, this city is one of the fastest growing U.S. Cities and one of the top 10 for jobs.
  • YOY employment growth exceeds 2% with approx. 60,000 jobs created in 2018. Trade sectors leading the way are education and health care with 25% of new jobs created.
  • The local economy is a healthy mix of business services, health services, educational institutions, a diversified manufacturing sector, and a burgeoning film industry.
  • In addition to a skilled workforce, this city has a cost of living 6% below the national average, has ample low-cost energy, and an exceptional quality of life - all of which make the city very attractive to businesses and household formation.
  • Increased demand for apartments in submarkets is holding vacancy below 5% and has supported rent growth of 6% YOY.