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360 Communities Delivers High-Quality New Homes for Lease to Meet Growing Demand
December 14, 2020
Original article appears on BusinessWire.com >
Freehold Communities, one of the nations’ most vibrant and forward-looking real-estate developers, today announced a new affiliate – 360 Communities – dedicated to building and managing high-quality new homes for lease in some of the nation’s most desirable markets.
The creation of 360 Communities reflects rapidly growing demand from families at all life stages to lease new homes rather than purchase. The national trend toward leasing of new single-family homes and townhomes is being driven by increased mobility, more rapid career changes and a strong preference for low-maintenance lifestyles in communities with coveted amenities and a strong sense of neighborliness. The number of households earning six-figure incomes who chose to lease their home has increased nearly 60% since 2006 – to about one in five.
“Creating 360 Communities expands our ability to create great engaged communities that hold their appeal even in a rapidly changing market,” said Casey Tischer, co-founder of Freehold Communities. “Our experience in large-scale developments and strong relationships with the best homebuilders in America provide unique differentiators that ensure high-quality homes in highly desirable communities. We believe that combination – alongside our demonstrated commitment to creating vibrant neighborhoods – creates an exciting opportunity for residents who choose to lease over buying a home.”