Rear View Of Couple Walking Dog Along Suburban Street

4 Reasons Why The SFR Market Is Calling Right Now

4 Reasons Why The SFR Market is Calling Right Now

Strata SFR CEO, Adam Stern answers 4 fundamental questions on the current state of the SFR market, SFR investor activity, and builders in the Build-For-Rent arena.


Read the summarized transcript below.

What’s the current state of the SFR market, SFR investor activity, and builders in the Build-For-Rent arena?

Here are the 4 questions we asked our SFR audience including:

  • Private equity firms, SFR funds, Apartment REITs, and funds on the demand side
  • Builders and SFR portfolio owners on the supply side

1. Will the SFR market continue to grow and have a strong demand in 2020?

I wanted to answer that in three different segments.

  • What’s happened over the first quarter of this year
  • What’s happening right now
  • what the perception is of what will happen into the future

So for those of you, who haven’t really followed the publicly traded RIETS in the SFR segment, rent growth, and rent collections have been much better than expected. Invitation Homes, American Homes and Tricon, all during their quarterly earnings report, reported those favorable dynamics happening right now. And the result was Invitations Home stock popping up 40% and Tricon stock up 20-25%.

However, everyone thought there was going to be a big delinquency rate in Q1. Everyone thought rent growth was to be stagnant or decrease in Q1. That hasn’t been the case, which bodes well for the fundamentals of the SFR market.

Let’s not forget, if you look at the SFR market as opposed to other parts of the economy, no one knows whether or not people will go back to restaurants or sporting events or concerts after the restrictions are lifted. That’s a very murky future.

You look at commercial properties where the retail and commercial offices will have uncertain futures – will people’s behavior change in the wake of this new reality?

But in the SFR market, people are still going to need a place to live. People may not buy right now, but they certainly, still need a roof over their heads. And need quality places to live. And I think that’s going to lead us to see strong rental demand in the future.

So do I think that the SFL mark will continue to grow? Yes, absolutely. 

The fundamentals of the SFR market will be shown in a really great way in the months to come because of people’s fundamental needs and desire to want to have these products. In addition, people are moving out of population centers. We talked to two dozen builders in the Southeast over the last several weeks, and most of them are reporting better than average sales for new construction properties. Everywhere from North Carolina all the way down to Florida, they’ve been tracking where these buyers in an inordinate amount are coming from the Northeast and Midwest city markets like Chicago, New York, Boston.

So the demand and it seems like the demographic shifts toward the southeast, especially to people getting out of small apartments that want to live in houses with larger living spaces. At least anecdotally, that’s what I’m hearing from builders in terms of their home sales and certainly portfolio owners, including the big public. RIETs. They are also reporting strong rental demand for single-family units and townhome units.

Do I think it’s going to grow? It’s important to remember right now there are twenty-five million people plus out of work. If you look at the recessions of the early 90s, late 90s, early 2000s, and you look at the unemployment numbers during each one of those recessions, the monthly unemployment figures vacillated between, 2.8 million people for the recessions of the early 80s.

And that went up to like 3.5 million people for the recessions in the 90s and the 2000s. Last month’s unemployment numbers were 10x as high. So, you know, we’ve been bolstered by the economic stimulus of the government. And I don’t think Q1 is a good representation of what will happen for the next several quarters. I certainly think the number of people out of jobs, the number of businesses that will likely falter, given the restrictions that are still in place and will remain in place, is gonna have a massive effect.

So will other parts of the economy share the same effects? I think absolutely will. Single-family rental has shown to be a fundamentally sound place to have investment capital flow. Will operators succeed in still renting properties? Absolutely. I think it’s it’s one of the great things about this asset class.

2. What are the buying opportunities now for Build-for-Rent projects and SFR portfolios overall?

So it’s an interesting one because there’s a big discrepancy between what buyers are looking and what sellers are experiencing.

And I would break buyers down into two groups.

  • Buyer groups that are looking for distress. They’re purely opportunistic, looking for builders and SFR portfolios that are having a hard time right now and need liquidity and need an exit.
  •  Buyers not necessarily looking for distress. They’re more programmatic in the way they invest and see this as an opportunity to align with builders.

The second group may not have thought about Build-for-Rent before because the housing market was so robust, but because of the sentiment of the housing market slowing down, it creates an opportunity for them to align with these builders to create built for rent products.

On the other side, you have builders who built units, and the portfolio owners that manage and operate portfolios. And I don’t think as of Q1 and going into Q2, they’re feeling the pain just yet. Builders are reporting strong home sales and operators of portfolios are reporting strong rent growth and strong collections. The opportunity I see is with programmatic buyers really having an easier time aligning within a builder’s built-for-rent projects. And now that the market’s a little more uncertain, they’re really looking in that direction and thinking, you know, I was planning on selling this product to retail homeowners.

Currently, it makes a lot of sense to align with an investor and create a programmatic approach and putting it on the market as rentals in one community to an investor. It’s opportunity I’m seeing right now between building firms and investors who are looking for that kind of thing.

3.  What kind of builders are investors looking to align with and what kind of investors are builders looking to align with?

So this is interesting in the build-for-rent space. Investors are looking for builders who obviously have current projects that make are able to offer them attractive enough prices where they can hit yields and align with builders that have the experience and the track record of delivering a quality product on time and on budget. But it’s not so much about having a single good project as it is having a process for creating a pipeline of projects that can feed capital.

Sources need to build their portfolio over time. So if you’re a builder and you have one good project but don’t really have a strong land acquisition program or a strong land development program or even strong, fundamentally a strong fundamental workforce to create those products; an investor might look at that and say I don’t want to spend the time and energy to have one project bought, even if it looks good. I’d rather find a builder with a good project and an ability to create a pipeline of projects for me.

And that’s kind of builder investors are generally looking for. Are investors that have a more programmatic approach wanting to create long term relationships with these builders? Again, most builders aren’t seeing a decrease in sales volume or sales prices just yet. So, they’re not feeling the pain right now. They’re looking at this as an opportunity to create a separate line of business with investors that will allow them to do a few things, including helping them fund projects and being takeouts for existing inventory.

And, of course, being takeouts for entire projects they can contract before the building starts and have a  short exit at a certain price.

4. Are there specific markets, a STRATA SFR is particularly excited about? And what are the attributes of those markets that investors gravitate to?

Since we’re in Charlotte, North Carolina, we have a big focus on the whole southeast from North Carolina down to Florida as far west as is Alabama.

I think the southeast is going to be a big benefactor of population centers with the Northeast and Midwest markets wanting to gravitate to places with good economic fundamentals, strong job opportunities, and good quality of life attributes. The southeast markets have all of that. I think investors will ultimately gravitate toward submarkets that have better fundamentals.

Investors are gravitating to the areas that have better than the average median attributes. And if builders keep doing what they’re doing, which is focus on these areas as a place to create buying opportunities for these funds, more transactions will happen in suburban markets outside of urban cores.

Places that are considered bedroom communities of major markets are on around the southeast. And those fundamental economic drivers, those demographics, drive investors to certain places. And the builders who are smart enough to find those projects are going be the ones that win.


Charlotte, North Carolina

Why Strata SFR is Targeting Charlotte, NC

Market Spotlight

See why Strata SFR is showcasing Charlotte, NC as a prime Single-Family Rental market.


Over the last few weeks, Strata has been surveying investors on their project and market requirements.

Here is a breakdown of our participants:

  • Single Family Rental REITS: Well known, Publicly Traded SFR Companies
  • Private SFR Funds: Firms that have raised institutional and non-institutional capital to acquire SFR assets and manage those assets internally.
  • Apartment REITS/FUNDS: Firms that have been developing, owning and operating Multifamily Apartments and are now expanding to SFR
  • Private Family Offices: Private investment firms allocating capital and looking to gain exposure to the  US SFR Market

These are some of Strata SFR’s top markets in which we are targeting Regional and Local Builders with SFR Build-For-Rent Opportunities.

If you are a builder with NC based residential projects, and you would like Strata to analyze it as a Build-For-Rent, SFR Opportunity click on the button below to join our Inner Circle.

JOIN THE INNER CIRCLE

What draws investors to particular areas within a market?

1.Household Income above the market’s median

2.Home Values above the market’s median

3.% of Population with Collage Degrees above the market’s median

4.Crime Index below the market’s median

Market Spotlight: Charlotte NC

Below is a map of submarkets within Charlotte that have all of the characteristics noted above:


Street and houses of upscale neighborhood on a summer morning

UNDER CONTRACT/SOLD: 2 Build-for-Rent Projects: 74 Single-Family Detached & 55 Townhomes | Charlotte, NC

2 Build-for-Rent Projects: 74 Single-Family Detached and 55 Townhomes

Charlotte, NC


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Executive Summary

Two projects from one builder, each in a separate location. Each can be looked at individually or an investor can make a deal on both. 74 Single Family Detached homes on the North West Side of Charlotte, inside the I-485 loop (Mecklenburg County). Roads and utilities are finished and homes are already being built. First homes to be delivered in September and then 8 per month until completion.

Also, a 55 Unit Townhome Project on the East Side of Charlotte (Mecklenburg County), the land is currently in horizontal development with the building set to begin later this year.

The builder will finish building all the units and deliver them vacant at the time of Certificate of Occupancy. The investor will be responsible for lease-up.

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MORE DETAILS

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DOWNLOAD THE FULL CHARLOTTE LISTING

Fill out the form below

To be able to share the most profitable opportunities with our clients, Strata SFR prioritizes confidentiality and the right to privacy above all else. You can review the Strata SFR NCNDA below and agree by checking the above box.

This Mutual Non-Disclosure and Non-Circumvention Agreement (“Agreement”) is made as of the Effective Date set forth below between the form submission party and
SECOND PARTY:
Strata SFR, LLC.
ENTITY STATE: North Carolina
PRIMARY CONTACT: Adam Stern
ADDRESS: 331 Alcove Road
Suite 300
Mooresville, NC 28117
PHONE: 704-746-3258
EMAIL: astern@stratasfr.com

BUSINESS PURPOSE: The exchange of information related to various projects in order to explore feasibility and/or mutual benefits of a business relationship and/or other mutual investment in a business that develops fi-nancial products (the “Business Purpose”), the Parties, also referred to as the “Recipients”, each recognize there is a need to disclose to one another certain confidential information of each party and to make introductions to another person or business entity to be used for the Business Purpose and to protect such confidential infor-mation from unauthorized use and disclosure or from cir-cumvention.

1. CONSIDERATION: In consideration of each party's disclosure of such information, the parties agree to be bound by the terms of this Agreement.

2. INFORMATION COVERED: This Agreement will apply to all information disclosed by one party to the other party, including, but not limited to, (a) any infor-mation, regardless of form, proprietary to or maintained in confidence by either party, including, without limita-tion, any information, technical data or know-how relat-ing to discoveries, ideas, inventions, concepts, software, equipment, designs, drawings, specifications, techniques, processes, systems, models, data, source code, object code, documentation, diagrams, flow charts, research, development, business plans or opportunities, business strategies, marketing plans or opportunities, marketing strategies, future projects or products, projects or prod-ucts under consideration, procedures, and information re-lated to finances, costs, prices, suppliers, vendors, cus-tomers and employees which is disclosed by either party or on its behalf whether directly or indirectly, in writing, orally or by drawings or inspection of equipment or software, to the other party or any of its employees or agents; and (b) any other information marked as confi-dential or, if not disclosed in writing, identified as con-fidential at the time of disclosure and summarized in a written document that is marked confidential and deliv-ered within thirty (30) days after the date of the disclo-sure (“Confidential Information”).

3. OBLIGATIONS: The receiving party (“Recipient”) agrees that (a) it will treat all Confidential Information of the other party with the same degree of care as such Re-cipient accords to its own Confidential Information, but in no case less than reasonable care; (b) it will not use, disseminate, or in any way disclose any Confidential In-formation of the disclosing party (“Discloser”), except to the extent necessary for internal evaluations in connection with negotiations, discussions, and consultations with personnel or authorized representatives of Discloser or to the extent disclosure is requested or required by law, reg-ulation, or judicial process, and for any other purpose Discloser may hereafter authorize; and (c) it will deliver to Discloser, in accordance with any request from Dis-closer, all tangible embodiments of the Confidential In-formation including copies, notes, packages, pictures, di-agrams, computer memory media, and all other materials containing any portion of the Confidential Information; provided, however, that Recipient (i) may retain Confi-dential Information for legal or regulatory purposes or in accordance with the Recipient’s document retention poli-cy and (ii) shall not be required to destroy Confidential Information to the extent that such Information is con-tained in any backup tapes or other media pursuant to au-tomated archival processes in the ordinary scope of busi-ness.

4. MATERIAL NON-PUBLIC INFORMATION: The Parties when acting as a Discloser of Confidential In-formation, agree not to disclose any material non-public information which could restrict its constituent compa-nies from trading in the securities of any recipient or any third party without the prior written consent of other Par-ty until such time as no violation of applicable securities laws would result from such securities trading.

5. NON-CIRCUMVENTION: Neither party shall, during the Term of this Agreement, enter into any agreement, association, partnership, joint venture or other transaction for the purpose of developing any business opportunity introduced to it by the other party without the prior writ-ten consent of the introducing party except the extent that the Non-Discloser has an existing relationship with such entity, as evidenced by its records. The Discloser shall inform the Discloser of its contacts within twenty-four (24) hours in writing. The non-Discloser Party shall have 72 hours, exclusive of non-working days, to inform the Disclosing Party of any prior relationships with the said contact.

6. TERM; PERIOD OF CONFIDENCE: This Agree-ment is effective as of the Effective Date indicated above and shall terminate on the earlier of (a) the date on which either party receives from the other written notice that subsequent communications shall not be governed by this Agreement; and (b) third (3rd) anniversary of the Ef-fective Date. Recipient’s duty to protect the confidential information disclosed under this Agreement shall expire three (3) years after the date of termination of this Agreement.

7. INFORMATION NOT COVERED: Recipient will have no obligation with respect to any portion of the Confidential Information which (a) is now, or hereafter becomes, through no act or failure to act on the part of Recipient, generally known or available to the public; (b) was acquired by Recipient before receiving such infor-mation from Discloser and without restriction as to use or disclosure; (c) is hereafter rightfully furnished to Re-cipient by a third party, without restriction as to use or disclosure; (d) is information which Recipient can docu-ment was independently developed by Recipient without reference to Confidential Information received hereunder; or (e) is disclosed with the prior written consent of Dis-closer. Recipient may disclose Confidential Information pursuant to the requirements of a governmental agency or operation of law, provided that it gives Discloser reason-able advance notice sufficient to contest such requirement of disclosure.

8. NOT A PURCHASE CONTRACT: Nothing contained in this Agreement shall be construed to obligate in any way either Party to purchase or sell any goods or services or enter into any transaction whatsoever.

9. NO LICENSE GRANTED: Nothing in this Agreement shall be construed to imply the grant of any license to Recipient to make, use or sell, or otherwise commercial-ize any portion of the Confidential Information disclosed by Discloser. WARRANTY EXCLUSION: The parties expressly recognize that Confidential Information is pro-vided “AS IS.” DISCLOSER MAKES NO WARRAN-TIES, EXPRESS, IMPLIED, STATUTORY OR OTH-ERWISE WITH RESPECT TO THE CONFIDENTIAL INFORMATION, AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES.

10. INJUNCTIVE RELIEF: Each party acknowledges that the unauthorized disclosure or use of Discloser’s Confi-dential Information by Recipient would cause irreparable harm and significant injury to Discloser, the degree of which may be difficult to ascertain. Accordingly, each party agrees that Discloser will have the right to obtain an immediate injunction enjoining any breach of this Agreement, as well as the right to pursue any and all other rights and remedies available at law or in equity for such a breach.

11. COMPLIANCE WITH TECHNOLOGY TRANS-FER REGULATIONS: Recipient will not knowingly export or re-export, directly or indirectly through Recipi-ent’s affiliates, licensees, or subsidiaries, any portion of Confidential Information provided hereunder or under any ancillary Agreements hereto in violation of any por-tion of any applicable export rules or regulations.

12. ASSIGNMENT: Neither party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other party delivered to the assigning Party prior to assignment.

13. CHOICE OF LAW: This Agreement will be construed, interpreted, and applied in accordance with the laws of the State of North Carolina

14. NOTICE: Any notice or communication required or permitted to be given hereunder may be delivered by hand, deposited with an overnight courier, sent by email, con-firmed facsimile, or mailed by registered or certified mail, return receipt requested, postage prepaid, in each case to the address of the receiving party as listed above or at such other address as may hereafter be furnished in writing by ei-ther party to the other party. Such notice will be deemed to have been given as of the date it is delivered, mailed, emailed, faxed or sent, whichever is earlier.

15. ENTIRE AGREEMENT: This Agreement, and at-tached Exhibits, if attached hereto, are the complete and ex-clusive statement regarding the subject matter of this Agreement and supersede all prior Agreements, understand-ings and communications, oral or written, between the par-ties regarding the subject matter of this Agreement. Only a writing signed by the parties hereto may amend this Agreement.

16. COUNTERPARTS; FACSIMILE SIGNATURES: This Agreement may be signed in counterparts, and de-livered by facsimile, and such facsimile counterparts shall be valid and binding on the parties hereto with the same effect as if original signatures had been exchanged.


48 Unit Built & Occupied Attached Townhomes | Lubbock, TX

48 Unit Built & Occupied Attached Townhomes

Project now close to full occupancy with rent guarantees in place for the remainder of 2020!

Lubbock, TX


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Executive Summary

UPDATE: This project started leasing in January, just prior to Covid-19 restrictions taking effect. Despite a statewide lockdown over the last 2 months, 90% of units have been leased, with only 5 vacancies remaining. Proving this project’s location and rental units to be in strong demand. 

Exclusive opportunity to own 48 Attached Townhome Units, “The West End Townhomes”  having finished construction in  November 2019, and leasing started in January of 2020, the project has leased up faster than projected with 40 of the 48 units leased as of this month (April 2020).

West End Townhomes, the 48 Attached Townhome Community is on the West Side of Lubbock in an infill area adjacent to more mature middle-class residential neighborhoods on one side, existing apartment complexes to the northside of the project and a retail shopping close by. The speed at which new housing units have already been absorbed coupled with strong occupancy rates of neighboring SFR and apartment communities makes the strong cash flow potential of the project readily apparent and easy to underwrite.

At a time of possible economic contraction that is sure to affect housing prices, particularly in major US Markets that have seen a run-up of home price appreciation over the last decade, Lubbock provides a great hedge as a “Cash Flow Market”, having low taxes for TX, extremely stable economic and demographic fundamentals coupled with a low risk of major price declines as appreciation in the market as being historically well-balanced over recent years where home prices have boomed in other TX markets such as Dallas, Houston, and San Antonio.

Financing In-Place For Qualified Buyers

5% Interest Rate, 25% Down, 25 Year Amortization, 15 Year Term

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MORE DETAILS

More details

WEST END TOWNHOMES INTERIOR & EXTERIOR

Cypress Grove Front Elevation & Floor Plan

DOWNLOAD THE FULL LUBBOCK LISTING

Fill out the form below

To be able to share the most profitable opportunities with our clients, Strata SFR prioritizes confidentiality and the right to privacy above all else. You can review the Strata SFR NCNDA below and agree by checking the above box.

This Mutual Non-Disclosure and Non-Circumvention Agreement (“Agreement”) is made as of the Effective Date set forth below between the form submission party and
SECOND PARTY:
Strata SFR, LLC.
ENTITY STATE: North Carolina
PRIMARY CONTACT: Adam Stern
ADDRESS: 331 Alcove Road
Suite 300
Mooresville, NC 28117
PHONE: 704-746-3258
EMAIL: astern@stratasfr.com

BUSINESS PURPOSE: The exchange of information related to various projects in order to explore feasibility and/or mutual benefits of a business relationship and/or other mutual investment in a business that develops fi-nancial products (the “Business Purpose”), the Parties, also referred to as the “Recipients”, each recognize there is a need to disclose to one another certain confidential information of each party and to make introductions to another person or business entity to be used for the Business Purpose and to protect such confidential infor-mation from unauthorized use and disclosure or from cir-cumvention.

1. CONSIDERATION: In consideration of each party's disclosure of such information, the parties agree to be bound by the terms of this Agreement.

2. INFORMATION COVERED: This Agreement will apply to all information disclosed by one party to the other party, including, but not limited to, (a) any infor-mation, regardless of form, proprietary to or maintained in confidence by either party, including, without limita-tion, any information, technical data or know-how relat-ing to discoveries, ideas, inventions, concepts, software, equipment, designs, drawings, specifications, techniques, processes, systems, models, data, source code, object code, documentation, diagrams, flow charts, research, development, business plans or opportunities, business strategies, marketing plans or opportunities, marketing strategies, future projects or products, projects or prod-ucts under consideration, procedures, and information re-lated to finances, costs, prices, suppliers, vendors, cus-tomers and employees which is disclosed by either party or on its behalf whether directly or indirectly, in writing, orally or by drawings or inspection of equipment or software, to the other party or any of its employees or agents; and (b) any other information marked as confi-dential or, if not disclosed in writing, identified as con-fidential at the time of disclosure and summarized in a written document that is marked confidential and deliv-ered within thirty (30) days after the date of the disclo-sure (“Confidential Information”).

3. OBLIGATIONS: The receiving party (“Recipient”) agrees that (a) it will treat all Confidential Information of the other party with the same degree of care as such Re-cipient accords to its own Confidential Information, but in no case less than reasonable care; (b) it will not use, disseminate, or in any way disclose any Confidential In-formation of the disclosing party (“Discloser”), except to the extent necessary for internal evaluations in connection with negotiations, discussions, and consultations with personnel or authorized representatives of Discloser or to the extent disclosure is requested or required by law, reg-ulation, or judicial process, and for any other purpose Discloser may hereafter authorize; and (c) it will deliver to Discloser, in accordance with any request from Dis-closer, all tangible embodiments of the Confidential In-formation including copies, notes, packages, pictures, di-agrams, computer memory media, and all other materials containing any portion of the Confidential Information; provided, however, that Recipient (i) may retain Confi-dential Information for legal or regulatory purposes or in accordance with the Recipient’s document retention poli-cy and (ii) shall not be required to destroy Confidential Information to the extent that such Information is con-tained in any backup tapes or other media pursuant to au-tomated archival processes in the ordinary scope of busi-ness.

4. MATERIAL NON-PUBLIC INFORMATION: The Parties when acting as a Discloser of Confidential In-formation, agree not to disclose any material non-public information which could restrict its constituent compa-nies from trading in the securities of any recipient or any third party without the prior written consent of other Par-ty until such time as no violation of applicable securities laws would result from such securities trading.

5. NON-CIRCUMVENTION: Neither party shall, during the Term of this Agreement, enter into any agreement, association, partnership, joint venture or other transaction for the purpose of developing any business opportunity introduced to it by the other party without the prior writ-ten consent of the introducing party except the extent that the Non-Discloser has an existing relationship with such entity, as evidenced by its records. The Discloser shall inform the Discloser of its contacts within twenty-four (24) hours in writing. The non-Discloser Party shall have 72 hours, exclusive of non-working days, to inform the Disclosing Party of any prior relationships with the said contact.

6. TERM; PERIOD OF CONFIDENCE: This Agree-ment is effective as of the Effective Date indicated above and shall terminate on the earlier of (a) the date on which either party receives from the other written notice that subsequent communications shall not be governed by this Agreement; and (b) third (3rd) anniversary of the Ef-fective Date. Recipient’s duty to protect the confidential information disclosed under this Agreement shall expire three (3) years after the date of termination of this Agreement.

7. INFORMATION NOT COVERED: Recipient will have no obligation with respect to any portion of the Confidential Information which (a) is now, or hereafter becomes, through no act or failure to act on the part of Recipient, generally known or available to the public; (b) was acquired by Recipient before receiving such infor-mation from Discloser and without restriction as to use or disclosure; (c) is hereafter rightfully furnished to Re-cipient by a third party, without restriction as to use or disclosure; (d) is information which Recipient can docu-ment was independently developed by Recipient without reference to Confidential Information received hereunder; or (e) is disclosed with the prior written consent of Dis-closer. Recipient may disclose Confidential Information pursuant to the requirements of a governmental agency or operation of law, provided that it gives Discloser reason-able advance notice sufficient to contest such requirement of disclosure.

8. NOT A PURCHASE CONTRACT: Nothing contained in this Agreement shall be construed to obligate in any way either Party to purchase or sell any goods or services or enter into any transaction whatsoever.

9. NO LICENSE GRANTED: Nothing in this Agreement shall be construed to imply the grant of any license to Recipient to make, use or sell, or otherwise commercial-ize any portion of the Confidential Information disclosed by Discloser. WARRANTY EXCLUSION: The parties expressly recognize that Confidential Information is pro-vided “AS IS.” DISCLOSER MAKES NO WARRAN-TIES, EXPRESS, IMPLIED, STATUTORY OR OTH-ERWISE WITH RESPECT TO THE CONFIDENTIAL INFORMATION, AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES.

10. INJUNCTIVE RELIEF: Each party acknowledges that the unauthorized disclosure or use of Discloser’s Confi-dential Information by Recipient would cause irreparable harm and significant injury to Discloser, the degree of which may be difficult to ascertain. Accordingly, each party agrees that Discloser will have the right to obtain an immediate injunction enjoining any breach of this Agreement, as well as the right to pursue any and all other rights and remedies available at law or in equity for such a breach.

11. COMPLIANCE WITH TECHNOLOGY TRANS-FER REGULATIONS: Recipient will not knowingly export or re-export, directly or indirectly through Recipi-ent’s affiliates, licensees, or subsidiaries, any portion of Confidential Information provided hereunder or under any ancillary Agreements hereto in violation of any por-tion of any applicable export rules or regulations.

12. ASSIGNMENT: Neither party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other party delivered to the assigning Party prior to assignment.

13. CHOICE OF LAW: This Agreement will be construed, interpreted, and applied in accordance with the laws of the State of North Carolina

14. NOTICE: Any notice or communication required or permitted to be given hereunder may be delivered by hand, deposited with an overnight courier, sent by email, con-firmed facsimile, or mailed by registered or certified mail, return receipt requested, postage prepaid, in each case to the address of the receiving party as listed above or at such other address as may hereafter be furnished in writing by ei-ther party to the other party. Such notice will be deemed to have been given as of the date it is delivered, mailed, emailed, faxed or sent, whichever is earlier.

15. ENTIRE AGREEMENT: This Agreement, and at-tached Exhibits, if attached hereto, are the complete and ex-clusive statement regarding the subject matter of this Agreement and supersede all prior Agreements, understand-ings and communications, oral or written, between the par-ties regarding the subject matter of this Agreement. Only a writing signed by the parties hereto may amend this Agreement.

16. COUNTERPARTS; FACSIMILE SIGNATURES: This Agreement may be signed in counterparts, and de-livered by facsimile, and such facsimile counterparts shall be valid and binding on the parties hereto with the same effect as if original signatures had been exchanged.


Coronavirus covid-19 yellow germs with light rays 3d render

Strata SFR Interview with Robert Dietz National Home Builders Association

EXCLUSIVE INTERVIEW

Watch the interview with Robert Dietz, Chief Economist at National Association of Home Builders


Strata SFR CEO, Adam Stern, discusses the effects of the COVID-19 Pandemic on US Home Builders and the opportunities this crisis creates for investors looking to invest in New Construction Single-Family Rental Projects.


153 Build-for-Rent Attached Townhomes | Sherrills Ford, NC

TAKEN OFF MARKET & NOT AVAILABLE: 153 Unit Build-for-Rent Attached Townhomes

Sherrills Ford (Charlotte), NC


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Executive Summary

Exclusive opportunity to purchase an entire subdivision of 153 attached townhomes “The Townes”  in Sherrills Ford, NC, just north of Charlotte. Sherrill’s Ford is approximately 40 minutes from uptown Charlotte, and convenient to shopping, Lake Norman State Park, and Mooresville. The Townes are part of the unique development which takes advantage of the county’s low taxes, features a Publix supermarket with medical, dining, and retail shops on the horizon. The Townes is a master planned community nearby water activities on Lake Norman and Lake access via the many local marinas. Proposed amenities will feature a pool and cabana. The project sits on the west side of Lake Norman, a booming submarket of Charlotte that has risen in popularity among working professionals, young families and retirees over the past decade.

The Lake Norman economic outlook was phenomenal prior to the Covid-19 outbreak and is well positioned to weather a possible economic downturn due to its proximity to a large and strong employment base coupled with it’s high standard of living and limited supply of high-quality Single-Family and Townhome Rentals.

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MORE DETAILS

More details

Lancaster Model

1674 SF, 3 Bed, 2.5 Bath, 1 Car Garage

Site Plan

DOWNLOAD THE FULL SHERRILLS FORD LISTING

Fill out the form below

To be able to share the most profitable opportunities with our clients, Strata SFR prioritizes confidentiality and the right to privacy above all else. You can review the Strata SFR NCNDA below and agree by checking the above box.

This Mutual Non-Disclosure and Non-Circumvention Agreement (“Agreement”) is made as of the Effective Date set forth below between the form submission party and
SECOND PARTY:
Strata SFR, LLC.
ENTITY STATE: North Carolina
PRIMARY CONTACT: Adam Stern
ADDRESS: 331 Alcove Road
Suite 300
Mooresville, NC 28117
PHONE: 704-746-3258
EMAIL: astern@stratasfr.com

BUSINESS PURPOSE: The exchange of information related to various projects in order to explore feasibility and/or mutual benefits of a business relationship and/or other mutual investment in a business that develops fi-nancial products (the “Business Purpose”), the Parties, also referred to as the “Recipients”, each recognize there is a need to disclose to one another certain confidential information of each party and to make introductions to another person or business entity to be used for the Business Purpose and to protect such confidential infor-mation from unauthorized use and disclosure or from cir-cumvention.

1. CONSIDERATION: In consideration of each party's disclosure of such information, the parties agree to be bound by the terms of this Agreement.

2. INFORMATION COVERED: This Agreement will apply to all information disclosed by one party to the other party, including, but not limited to, (a) any infor-mation, regardless of form, proprietary to or maintained in confidence by either party, including, without limita-tion, any information, technical data or know-how relat-ing to discoveries, ideas, inventions, concepts, software, equipment, designs, drawings, specifications, techniques, processes, systems, models, data, source code, object code, documentation, diagrams, flow charts, research, development, business plans or opportunities, business strategies, marketing plans or opportunities, marketing strategies, future projects or products, projects or prod-ucts under consideration, procedures, and information re-lated to finances, costs, prices, suppliers, vendors, cus-tomers and employees which is disclosed by either party or on its behalf whether directly or indirectly, in writing, orally or by drawings or inspection of equipment or software, to the other party or any of its employees or agents; and (b) any other information marked as confi-dential or, if not disclosed in writing, identified as con-fidential at the time of disclosure and summarized in a written document that is marked confidential and deliv-ered within thirty (30) days after the date of the disclo-sure (“Confidential Information”).

3. OBLIGATIONS: The receiving party (“Recipient”) agrees that (a) it will treat all Confidential Information of the other party with the same degree of care as such Re-cipient accords to its own Confidential Information, but in no case less than reasonable care; (b) it will not use, disseminate, or in any way disclose any Confidential In-formation of the disclosing party (“Discloser”), except to the extent necessary for internal evaluations in connection with negotiations, discussions, and consultations with personnel or authorized representatives of Discloser or to the extent disclosure is requested or required by law, reg-ulation, or judicial process, and for any other purpose Discloser may hereafter authorize; and (c) it will deliver to Discloser, in accordance with any request from Dis-closer, all tangible embodiments of the Confidential In-formation including copies, notes, packages, pictures, di-agrams, computer memory media, and all other materials containing any portion of the Confidential Information; provided, however, that Recipient (i) may retain Confi-dential Information for legal or regulatory purposes or in accordance with the Recipient’s document retention poli-cy and (ii) shall not be required to destroy Confidential Information to the extent that such Information is con-tained in any backup tapes or other media pursuant to au-tomated archival processes in the ordinary scope of busi-ness.

4. MATERIAL NON-PUBLIC INFORMATION: The Parties when acting as a Discloser of Confidential In-formation, agree not to disclose any material non-public information which could restrict its constituent compa-nies from trading in the securities of any recipient or any third party without the prior written consent of other Par-ty until such time as no violation of applicable securities laws would result from such securities trading.

5. NON-CIRCUMVENTION: Neither party shall, during the Term of this Agreement, enter into any agreement, association, partnership, joint venture or other transaction for the purpose of developing any business opportunity introduced to it by the other party without the prior writ-ten consent of the introducing party except the extent that the Non-Discloser has an existing relationship with such entity, as evidenced by its records. The Discloser shall inform the Discloser of its contacts within twenty-four (24) hours in writing. The non-Discloser Party shall have 72 hours, exclusive of non-working days, to inform the Disclosing Party of any prior relationships with the said contact.

6. TERM; PERIOD OF CONFIDENCE: This Agree-ment is effective as of the Effective Date indicated above and shall terminate on the earlier of (a) the date on which either party receives from the other written notice that subsequent communications shall not be governed by this Agreement; and (b) third (3rd) anniversary of the Ef-fective Date. Recipient’s duty to protect the confidential information disclosed under this Agreement shall expire three (3) years after the date of termination of this Agreement.

7. INFORMATION NOT COVERED: Recipient will have no obligation with respect to any portion of the Confidential Information which (a) is now, or hereafter becomes, through no act or failure to act on the part of Recipient, generally known or available to the public; (b) was acquired by Recipient before receiving such infor-mation from Discloser and without restriction as to use or disclosure; (c) is hereafter rightfully furnished to Re-cipient by a third party, without restriction as to use or disclosure; (d) is information which Recipient can docu-ment was independently developed by Recipient without reference to Confidential Information received hereunder; or (e) is disclosed with the prior written consent of Dis-closer. Recipient may disclose Confidential Information pursuant to the requirements of a governmental agency or operation of law, provided that it gives Discloser reason-able advance notice sufficient to contest such requirement of disclosure.

8. NOT A PURCHASE CONTRACT: Nothing contained in this Agreement shall be construed to obligate in any way either Party to purchase or sell any goods or services or enter into any transaction whatsoever.

9. NO LICENSE GRANTED: Nothing in this Agreement shall be construed to imply the grant of any license to Recipient to make, use or sell, or otherwise commercial-ize any portion of the Confidential Information disclosed by Discloser. WARRANTY EXCLUSION: The parties expressly recognize that Confidential Information is pro-vided “AS IS.” DISCLOSER MAKES NO WARRAN-TIES, EXPRESS, IMPLIED, STATUTORY OR OTH-ERWISE WITH RESPECT TO THE CONFIDENTIAL INFORMATION, AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES.

10. INJUNCTIVE RELIEF: Each party acknowledges that the unauthorized disclosure or use of Discloser’s Confi-dential Information by Recipient would cause irreparable harm and significant injury to Discloser, the degree of which may be difficult to ascertain. Accordingly, each party agrees that Discloser will have the right to obtain an immediate injunction enjoining any breach of this Agreement, as well as the right to pursue any and all other rights and remedies available at law or in equity for such a breach.

11. COMPLIANCE WITH TECHNOLOGY TRANS-FER REGULATIONS: Recipient will not knowingly export or re-export, directly or indirectly through Recipi-ent’s affiliates, licensees, or subsidiaries, any portion of Confidential Information provided hereunder or under any ancillary Agreements hereto in violation of any por-tion of any applicable export rules or regulations.

12. ASSIGNMENT: Neither party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other party delivered to the assigning Party prior to assignment.

13. CHOICE OF LAW: This Agreement will be construed, interpreted, and applied in accordance with the laws of the State of North Carolina

14. NOTICE: Any notice or communication required or permitted to be given hereunder may be delivered by hand, deposited with an overnight courier, sent by email, con-firmed facsimile, or mailed by registered or certified mail, return receipt requested, postage prepaid, in each case to the address of the receiving party as listed above or at such other address as may hereafter be furnished in writing by ei-ther party to the other party. Such notice will be deemed to have been given as of the date it is delivered, mailed, emailed, faxed or sent, whichever is earlier.

15. ENTIRE AGREEMENT: This Agreement, and at-tached Exhibits, if attached hereto, are the complete and ex-clusive statement regarding the subject matter of this Agreement and supersede all prior Agreements, understand-ings and communications, oral or written, between the par-ties regarding the subject matter of this Agreement. Only a writing signed by the parties hereto may amend this Agreement.

16. COUNTERPARTS; FACSIMILE SIGNATURES: This Agreement may be signed in counterparts, and de-livered by facsimile, and such facsimile counterparts shall be valid and binding on the parties hereto with the same effect as if original signatures had been exchanged.


Single Family Rental Florida

NO LONGER AVAILABLE: 17 Build-for-Rent Single Family Homes | North Fort Myers, FL

17 Build-for-Rent Single Family Homes in Large Master Planned Community

North Fort Myers​, FL


SEE FULL LISTING

Executive Summary

Exclusive opportunity to acquire 17 Detached Single-Family Homes that are to-be-built which are a segment of a new master-planned community of entry-level homes. The project will include 181 homes built by a well-known builder through their newly acquired entry-level brand homes. The 17 homes are being offered as a single acquisition opportunity. The project is situated in a thriving area of North Fort Myers, FL. The site was chosen for its excellent location and a unique need for entry-level homes in the market.

SEE FULL LISTING

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More details

Models

Site Plan

DOWNLOAD THE FULL FORT MYERS LISTING

Fill out the form below

To be able to share the most profitable opportunities with our clients, Strata SFR prioritizes confidentiality and the right to privacy above all else. You can review the Strata SFR NCNDA below and agree by checking the above box.

This Mutual Non-Disclosure and Non-Circumvention Agreement (“Agreement”) is made as of the Effective Date set forth below between the form submission party and
SECOND PARTY:
Strata SFR, LLC.
ENTITY STATE: North Carolina
PRIMARY CONTACT: Adam Stern
ADDRESS: 331 Alcove Road
Suite 300
Mooresville, NC 28117
PHONE: 704-746-3258
EMAIL: astern@stratasfr.com

BUSINESS PURPOSE: The exchange of information related to various projects in order to explore feasibility and/or mutual benefits of a business relationship and/or other mutual investment in a business that develops fi-nancial products (the “Business Purpose”), the Parties, also referred to as the “Recipients”, each recognize there is a need to disclose to one another certain confidential information of each party and to make introductions to another person or business entity to be used for the Business Purpose and to protect such confidential infor-mation from unauthorized use and disclosure or from cir-cumvention.

1. CONSIDERATION: In consideration of each party's disclosure of such information, the parties agree to be bound by the terms of this Agreement.

2. INFORMATION COVERED: This Agreement will apply to all information disclosed by one party to the other party, including, but not limited to, (a) any infor-mation, regardless of form, proprietary to or maintained in confidence by either party, including, without limita-tion, any information, technical data or know-how relat-ing to discoveries, ideas, inventions, concepts, software, equipment, designs, drawings, specifications, techniques, processes, systems, models, data, source code, object code, documentation, diagrams, flow charts, research, development, business plans or opportunities, business strategies, marketing plans or opportunities, marketing strategies, future projects or products, projects or prod-ucts under consideration, procedures, and information re-lated to finances, costs, prices, suppliers, vendors, cus-tomers and employees which is disclosed by either party or on its behalf whether directly or indirectly, in writing, orally or by drawings or inspection of equipment or software, to the other party or any of its employees or agents; and (b) any other information marked as confi-dential or, if not disclosed in writing, identified as con-fidential at the time of disclosure and summarized in a written document that is marked confidential and deliv-ered within thirty (30) days after the date of the disclo-sure (“Confidential Information”).

3. OBLIGATIONS: The receiving party (“Recipient”) agrees that (a) it will treat all Confidential Information of the other party with the same degree of care as such Re-cipient accords to its own Confidential Information, but in no case less than reasonable care; (b) it will not use, disseminate, or in any way disclose any Confidential In-formation of the disclosing party (“Discloser”), except to the extent necessary for internal evaluations in connection with negotiations, discussions, and consultations with personnel or authorized representatives of Discloser or to the extent disclosure is requested or required by law, reg-ulation, or judicial process, and for any other purpose Discloser may hereafter authorize; and (c) it will deliver to Discloser, in accordance with any request from Dis-closer, all tangible embodiments of the Confidential In-formation including copies, notes, packages, pictures, di-agrams, computer memory media, and all other materials containing any portion of the Confidential Information; provided, however, that Recipient (i) may retain Confi-dential Information for legal or regulatory purposes or in accordance with the Recipient’s document retention poli-cy and (ii) shall not be required to destroy Confidential Information to the extent that such Information is con-tained in any backup tapes or other media pursuant to au-tomated archival processes in the ordinary scope of busi-ness.

4. MATERIAL NON-PUBLIC INFORMATION: The Parties when acting as a Discloser of Confidential In-formation, agree not to disclose any material non-public information which could restrict its constituent compa-nies from trading in the securities of any recipient or any third party without the prior written consent of other Par-ty until such time as no violation of applicable securities laws would result from such securities trading.

5. NON-CIRCUMVENTION: Neither party shall, during the Term of this Agreement, enter into any agreement, association, partnership, joint venture or other transaction for the purpose of developing any business opportunity introduced to it by the other party without the prior writ-ten consent of the introducing party except the extent that the Non-Discloser has an existing relationship with such entity, as evidenced by its records. The Discloser shall inform the Discloser of its contacts within twenty-four (24) hours in writing. The non-Discloser Party shall have 72 hours, exclusive of non-working days, to inform the Disclosing Party of any prior relationships with the said contact.

6. TERM; PERIOD OF CONFIDENCE: This Agree-ment is effective as of the Effective Date indicated above and shall terminate on the earlier of (a) the date on which either party receives from the other written notice that subsequent communications shall not be governed by this Agreement; and (b) third (3rd) anniversary of the Ef-fective Date. Recipient’s duty to protect the confidential information disclosed under this Agreement shall expire three (3) years after the date of termination of this Agreement.

7. INFORMATION NOT COVERED: Recipient will have no obligation with respect to any portion of the Confidential Information which (a) is now, or hereafter becomes, through no act or failure to act on the part of Recipient, generally known or available to the public; (b) was acquired by Recipient before receiving such infor-mation from Discloser and without restriction as to use or disclosure; (c) is hereafter rightfully furnished to Re-cipient by a third party, without restriction as to use or disclosure; (d) is information which Recipient can docu-ment was independently developed by Recipient without reference to Confidential Information received hereunder; or (e) is disclosed with the prior written consent of Dis-closer. Recipient may disclose Confidential Information pursuant to the requirements of a governmental agency or operation of law, provided that it gives Discloser reason-able advance notice sufficient to contest such requirement of disclosure.

8. NOT A PURCHASE CONTRACT: Nothing contained in this Agreement shall be construed to obligate in any way either Party to purchase or sell any goods or services or enter into any transaction whatsoever.

9. NO LICENSE GRANTED: Nothing in this Agreement shall be construed to imply the grant of any license to Recipient to make, use or sell, or otherwise commercial-ize any portion of the Confidential Information disclosed by Discloser. WARRANTY EXCLUSION: The parties expressly recognize that Confidential Information is pro-vided “AS IS.” DISCLOSER MAKES NO WARRAN-TIES, EXPRESS, IMPLIED, STATUTORY OR OTH-ERWISE WITH RESPECT TO THE CONFIDENTIAL INFORMATION, AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES.

10. INJUNCTIVE RELIEF: Each party acknowledges that the unauthorized disclosure or use of Discloser’s Confi-dential Information by Recipient would cause irreparable harm and significant injury to Discloser, the degree of which may be difficult to ascertain. Accordingly, each party agrees that Discloser will have the right to obtain an immediate injunction enjoining any breach of this Agreement, as well as the right to pursue any and all other rights and remedies available at law or in equity for such a breach.

11. COMPLIANCE WITH TECHNOLOGY TRANS-FER REGULATIONS: Recipient will not knowingly export or re-export, directly or indirectly through Recipi-ent’s affiliates, licensees, or subsidiaries, any portion of Confidential Information provided hereunder or under any ancillary Agreements hereto in violation of any por-tion of any applicable export rules or regulations.

12. ASSIGNMENT: Neither party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other party delivered to the assigning Party prior to assignment.

13. CHOICE OF LAW: This Agreement will be construed, interpreted, and applied in accordance with the laws of the State of North Carolina

14. NOTICE: Any notice or communication required or permitted to be given hereunder may be delivered by hand, deposited with an overnight courier, sent by email, con-firmed facsimile, or mailed by registered or certified mail, return receipt requested, postage prepaid, in each case to the address of the receiving party as listed above or at such other address as may hereafter be furnished in writing by ei-ther party to the other party. Such notice will be deemed to have been given as of the date it is delivered, mailed, emailed, faxed or sent, whichever is earlier.

15. ENTIRE AGREEMENT: This Agreement, and at-tached Exhibits, if attached hereto, are the complete and ex-clusive statement regarding the subject matter of this Agreement and supersede all prior Agreements, understand-ings and communications, oral or written, between the par-ties regarding the subject matter of this Agreement. Only a writing signed by the parties hereto may amend this Agreement.

16. COUNTERPARTS; FACSIMILE SIGNATURES: This Agreement may be signed in counterparts, and de-livered by facsimile, and such facsimile counterparts shall be valid and binding on the parties hereto with the same effect as if original signatures had been exchanged.