Koch Industries has reportedly bought a major stake in the "build-to-rent" business of Amherst Holdings, a Texas-based single-family rental company.
"Koch Real Estate Investments, a subsidiary of billionaire Charles Koch’s company, made a $200 million preferred-equity investment in Amherst Holdings LLC’s single-family rental business," report Gillian Tan and Patrick Clark.
Representatives of Koch and Amherst have yet to confirm the investment, but the reports credit "people with knowledge of the matter" for the news. The same sources say negotiations on the deal took place for more than a year, finally closing earlier this month.
"The deal could also provide synergies between Austin, Texas-based Amherst and Koch’s consumer and building products arm, which includes manufacturers of carpeting, glass, insulation, shingles, wallboard and lighting systems," explains the article on the business of the deal. "Amherst, which operates roughly 22,000 homes, could use Koch products when renovating homes or use the relationship to build a supply chain for developing purpose-built rental homes, one of the people said."
According to the article, Amherst's "build-to-rent" business model is gaining popularity with large investors.
FULL STORY: Koch Backs Amherst in $200 Million Bet on Single-Family Rentals
'Proptech' Companies Target Single-Family Rental Market
Startups aimed at streamlining the house-flipping process are seeking out rental property owners as the popularity of single-family rentals continues to grow.
Single-Family and Build-to-Rent Homes Growing in Size
As people perform more daily functions at home, homeowners and renters are seeking larger footprints to accommodate a broader range of uses.
Institutional Investors Gaining a Larger Footprint in the Housing Market, Report Says
The locations with the fastest growing populations are seeing the most dramatic increase in investor-owned single-family housing rentals.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
Why Should We Subsidize Public Transportation?
Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.
How to Make US Trains Faster
Changes to boarding platforms and a switch to electric trains could improve U.S. passenger rail service without the added cost of high-speed rail.
Columbia’s Revitalized ‘Loop’ Is a Hub for Local Entrepreneurs
A focus on small businesses is helping a commercial corridor in Columbia, Missouri thrive.
Invasive Insect Threatens Minnesota’s Ash Forests
The Emerald Ash Borer is a rapidly spreading invasive pest threatening Minnesota’s ash trees, and homeowners are encouraged to plant diverse replacement species, avoid moving ash firewood, and monitor for signs of infestation.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Santa Clarita
Ascent Environmental
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service