Pacific West and Build To Rent Communities: A flexible, more affordable approach to single-family homes.
Build to Rent is one of the fastest growing segments of the housing market. Since the pandemic, Build To Rent has doubled its share of new home construction. It is expected to double again by 2024. (Build to Rent goes by many names, including Single Family For Rent, Single Family Rental, and BTR Communities).
For good reason.
Build to Rent features single family homes (detached homes) built specifically to rent not own. Typically, single family rentals are located in the same neighborhood and are virtually indistinguishable from traditional built-to-own neighborhoods.
A Build to Rent Community offers the best of both worlds.
Build to Rent homes enjoy the benefits of living in single family residences, benefits that don’t come with traditional apartment living, such as private backyards, more space, flexible floor plans, luxury features and easy parking.
Build to Rent residents also enjoy the freedom and flexibility of a lease compared to the long-term financial commitment of home ownership. And Build to Rent residents escape the expensive property taxes that come with home ownership, which can make monthly rent payments significantly less than mortgage payments.
Other benefits of include appreciably lower maintenance costs (most maintenance is handled by a property management company), increased privacy, and community amenities such as swimming pools, fitness centers, private cinemas, coffee houses, kids playgrounds, and barbecue areas. And unlike standard apartments, most Build to Rent homes also include fenced yards, making them a favorite of pet owners.
Real estate investors are big on Build to Rent Properties.
Build To Rent homes are also growing in popularity among real estate investors. It’s projected that investors will spend $40 billion on Build to Rent homes throughout the U.S. housing market over the next 18 months.
Pacific West is ideally suited for developing Build to Rent properties. With a background in building and developing both single-family and multifamily communities, we have the experience and expertise to provide renters with the west’s premier Build to Rent communities.
We have real world experience in building single-family and multifamily communities.
The success of any residential construction project depends on dozens of factors and variables that separate it from a multifamily development. These include zoning issues, property management, parking, access to public transportation, material selection, and landscaping.
Utility work, such as plumbing, heating, and air conditioning is also distinctly different between single and multifamily properties.
Pacific West has a wealth of experience in building both single-family homes and multi family structures. We understand the similarities and differences of both, making us well-suited for Build to Rent projects.
We got our start building single family homes.
When we opened our doors in 1991 it was as a single-family home builder. We have now completed hundreds of single-family properties. We’ve also built more than 13,000 condominiums and apartments.
Since our founding, we’ve developed dozens of planned communities and have constructed hundreds of community amenities and features.
We also understand the rental market. We are familiar with the fastest-growing markets throughout Northern California and Nevada, with zoning, with regulations, and with market trends.
From product design to land acquisition, from securing permits and entitlements to installing a QA/RM program, we understand how to meet the unique needs of the two project types. And that’s the path to providing Build to Rent homes with maximum livability and maximum value.
Faster construction benefits Build to Rent homes.
Along with reducing construction costs, Pacific West is able to bring single family Build to Rent homes to market several months earlier than most builders. That means renters, who are often actively searching for more affordable options, will find those options more quickly.
By getting to market faster, built-to-rent projects can reach maximum occupancy quicker with less tenant turnover. This gives real estate investors an impressive advantage. They start seeing returns months sooner. And it cuts a significant amount of interest off construction loans.
Modular manufacturing and construction benefits Built to Rent homes.
Our modular design-build process allows us to control every step of the Built to Rent construction process.
That control enables us to increase livable space, improve workmanship, cut construction costs, reduce build times, and increase project density.
More importantly, we can do all that and provide more affordable rental properties.
We control the process.
Building “in the dirt” is archaic. It’s costly, wildly inefficient, and relies on unpredictable labor.
We now manage and operate our own off-site manufacturing facility where most sections of our apartment buildings are manufactured and assembled. Today, we’re 60% modular with a goal of reaching 100% in the next few years.
We also eliminate the volatility of the materials markets by pre-buying commodities in bulk at the best prices from trusted suppliers well before construction begins.
Our long-time superintendents and subs have worked together project after project with the same teams. Everyone understands the process.
Faster, Better. for less.
When combined with our innovative products, our advanced building process allows us to produce single family rental communities for less at construction times that are up to 33% faster than the competition. All while enhancing quality.
Our building process also provides our business partners with more attractive opportunities and quicker returns on investment.
Pacific West offers comprehensive services for Build to Rent and all residential types..
If you’re interested in developing or investing in a Build to Rent home, please contact us. We also offer development and general contracting services for other types residential projects, including for sale single family houses, for sale condominiums, or apartment complexes, please contact us.
Pacific West is available as a full-service development company, construction company and a general contractor for:
Our current clients include
"WE PROVIDE CLIENTS WITH MORE OPPORTUNITIES, MORE POSSIBILITIES."
- Architect Lewis Zaumeyer talks about the philosophy of The 1085 Group.
