The Dinerstein Cos., a full-service real estate and development company, announced the launch of Inspire Homes, the company’s new brand specializing in single-family build-to-rent communities.
In conjunction with the launch, the company announced it has broken ground on its first two developments in Florida and Texas, totaling nearly 400 homes.
“We are proud to share that we have entered the build-to-rent space with a new brand and product,” says Brad Dinerstein, managing partner of development and design at The Dinerstein Cos. “The build-to-rent fundamentals have been phenomenal, and single-family build-to-rent has continued to prove itself as a solid niche with real runway and longevity within the rental housing market.”
Spanning 18.7 acres in Wildwood, Florida, approximately 51 miles from Orlando, Inspire Homes’ Wildwood development is a build-to-rent duplex community featuring 192 homes with fenced backyards and detached garage parking. The community offers one-, two-, and three-bedroom layouts ranging from 685 to 1,445 square feet.
The roughly 35-acre development in Missouri City, Texas, is located approximately 20 miles from downtown Houston and includes 186 single-family build-to-rent homes with front yards, fenced backyards, and attached two-car garages. The community offers three different floor plans, ranging from two-bedroom, two-bath homes to three-bedroom, two-and-a-half bath homes.
Each development will be fully fenced and gated with a free-standing clubhouse, a fitness center, a pool with a spa, an outdoor kitchen area, a dog park, passive outdoor courtyards, a clubroom, and on-site leasing and maintenance. Both projects are scheduled to be completed fall 2024 with initial occupancy beginning in spring 2023.
“With increased renter demand, we believe the build-to-rent sector will evolve and remain strong as homeownership continues to be a challenge for more and more people,” continues Dinerstein. “As migration from dense, coastal markets to smaller, less expensive metros continues, we look forward to identifying attractive opportunities across the Sunbelt while focusing on growth within our core markets like Central Florida, Phoenix, and throughout Texas.”
