“There is a sizable shift occurring from single family home ownership to single family rentals.”
After the recent housing crisis and a continuing decline in the rate of individual home ownership, a tremendous investment opportunity has presented itself in the real estate asset class of single-family homes for rental. Broadstone Real Estate is uniquely positioned to capitalize on this opportunity of acquiring stabilized portfolios of single-family homes and has developed a vehicle in which accredited investors can invest in the space without the difficulties of direct rental home ownership and management.
Broadtree Homes provides investors a simple solution for investment in the growing single-family home rental marketplace. A private real estate offering, Broadtree Homes is designed to provide a stream of consistent, ongoing income combined with the potential for share-price appreciation to investors through the acquisition of portfolios of single-family homes for rent. The business model and strategy are based on working to minimize risk by acquiring portfolios of stabilized (already rented and renovated) homes, providing individuals and families with homes they want to live in long term.
Founded in 2012 by the Leenhouts and Tait families, who previously founded Home Leasing Corporation in 1967 and Home Properties, Inc. (NYSE: HME)* in 1994, Broadtree Homes is managed by a team that brings more than 50 years of experience in residential property management. The team also has extensive experience managing and growing a multi-market residential portfolio, as well as vital public and private capital markets experience. With conviction that single-family home rentals provide both an attractive long-term housing alternative for families and a solution to reinvigorate the housing market and overall economy, the founders have subsidized over $1 million in start-up and staffing costs to create a management platform to support Broadtree Homes. Shareholders in Broadtree Homes benefit by owning the homes, without needing to participate in the start-up costs associated with creating a new operating company.
Broadstone Real Estate, doing business as Broadtree Home Rentals, provides acquisition and property management services to certain Broadtree Homes markets.
*Broadstone Real Estate, its principals and affiliated investment offerings are not currently affiliated with Home Properties, Inc.