Transcendent Electra, which announced plans last year to buy and develop $3 billion of single-family rental housing over the next three years, is behind these homes for rent in in the Luckey Ranch neighborhood.
Those longtime operators now have more competition. Over the past two years, more than a half-dozen large-scale investors have entered San Antonio’s single-family rental market.
“We consider San Antonio an attractive market because it features a growing population, income growth, job creation, and highly rated schools, which draw workers and families to the area,” NexPoint’s chief financial officer, Brian Mitts, said in a statement. “Like many other markets across the U.S., San Antonio faces a housing deficit, and we are proud to be part of the solution to meet growing demand for safe, quality, affordable single-family homes for local residents.
“Americans searching for housing in the last few years felt the lack of affordable housing options in the U.S. more than ever before,” the article says. “The decrease in supply coupled with the high barriers to homeownership has created unprecedented demand for affordable single-family rental homes.”
Corporate profits up 2.53 trillion dollars during second quarter of 2022! There's your inflation!