A multibillion-dollar effort to build dozens of master-planned apartment communities and become the Marriott of rental housing now has the backing of a Dallas...
A multibillion-dollar effort to build dozens of master-planned apartment communities andnow has the backing of a Dallas venture capital firm and other investors.
“What really stood out to us about Homz was its commitment to address the lack of attainable housing supply in the country in a way that not only reduces costs — which it does through city partnerships and standardization across communities — but also by creating communities that prioritize the health, safety and wellness of people and the environment,” Gopala Krishnan, CEO and managing partner of Nanban Ventures, said in a statement.
Homz expects each community to be a $140 million to $170 million investment held over about 25 years, each with multiple apartment complexes as well as single-family rental homes. The developments will also include dozens of amenities, including clubhouses, pools, athletic fields, playgrounds and urban farms.
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