Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
Rock_Ridge_Model_Hero_Mobile Rock_Ridge_Model_Hero_Large_1

Stories

Achieving Impressive Rent Growth for a Build-To-Rent Community

Learn how our multifamily specialists achieved management and investment strategy goals for a 69-home community.

01 The Opportunity

Cushman & Wakefield was awarded management of six D.R. Horton communities in their single-family rental, build-to-rent portfolio, which included Rock Ridge Estates in Pensacola, Florida. Our collaboration on this 69-home community began early in the development cycle, allowing our property management team to help influence interior finishes, marketing and branding.

02 The Solution

As the Rock Ridge Estates development progressed, Cushman & Wakefield was able to successfully lease up the community within seven months and achieve stabilization. In March of 2021, our team was again engaged by D.R. Horton to develop an exit strategy for the community and in late April, Cushman & Wakefield brought Rock Ridge Estates to market. Washington D.C.-based Fundrise acquired the property in mid-June of 2021, retaining Cushman & Wakefield as property manager.

03 The Results

  • Under Cushman & Wakefield’s management, Rock Ridge Estates achieved 12.29% rent growth in the 11 months prior to the sale in June 2021
  • The property’s occupancy increased to 93.7% during a two-year period
  • Revenue increased by 3% in the same timeframe

 

Multifamily Property Management that Drives Value

Our platform offers a full suite of residential property management solutions that help clients achieve maximum return on their property or portfolio. We have the scale, depth of experience, and established operating procedures and best practices to champion each property’s performance and highest potential.
Learn More

Related Stories

JB Matteson Case Study Card Image
JB Matteson • Multifamily
Learn how we implemented the right property management solutions to protect JB Matteson’s assets during COVID-19.
Learn More
Tanager Multifamily Property Web Card Image
Tanager • Multifamily
Learn how we built a lifestyle centric community in Las Vegas through strategic marketing and operations.
Learn More

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

CONTACT US

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Cookie preferences
Agree All
Reject All
SAVE SETTINGS
Essential
Non Essential
Marketing