Park Manor is a 32-lot single family built-to-rent (BTR) development in partnership with DDC Management and Hartizen Homes. Park Manor is well located in Eastern Orlando, within the city limits and represents a rare track of land where we can build an infill rental community. The land is fully entitled and development has commenced as of Q2 2020. We expect to begin delivering homes in Q1 2021 with a fully built and rented community by Q4 2021. This investment represents the first project with our BTR strategy on the East Coast, and we are expecting to roll out a larger platform with an institutional equity partner in 2020.
2 Year Duration
7.2% Development Yield