Alpaca Real Estate, a leading investment management firm, has recently announced the launch of its new $300 million residential strategy. The strategy aims to acquire over 1,000 new-construction rental homes in areas with strong population growth and high household income. These locations also boast top-rated school districts and convenient access to employment opportunities and recreational activities.
The first project under this strategy is a joint venture between Alpaca Real Estate and LyvWell Communities for a 150-townhome community in Dallas. This development will be carried out by Southern Impression Homes at an agreed-upon fixed cost. The property is strategically located near major transportation hubs.
The townhomes are expected to range from two- to four-bedrooms with sizes ranging from 1,400 to 1,900 square feet each. Additionally, the partnership plans on bringing in a rent-to-own operator who will manage some of the homes within the community.
This latest venture by Alpaca Real Estate showcases their commitment towards providing quality housing options for renters while also creating lucrative investment opportunities for their clients.
