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.
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: