Wildhorn Capital

U-Haul recently released its Growth Index, which highlights the U.S. states that saw the largest number of movers in one-way U-Haul equipment in 2023. For the sixth time in eight years, Texas landed in the No. 1 spot on the list. DIY movers accounted for 50.4% of all one-way U-Haul traffic arriving in Texas. The Southern state has become a growing base for different industries including tech and aerospace. As of 2022, Texas leads the nation as home to the most Fortune 500 companies. Check out the full list of states people moved to in 2023. ⬇️

Wildhorn Capital, Masonwood, International Capital, LLC Successfully Close Loan for New Build-to-Rent Community in Lockhart, TX

🏡 Why SFR will Perform Well in 2024   In 3Q23, Tricon Residential, Invitation Homes, and American Homes 4 Rent I, LLC all reported “rent increases greater than 6% for the third quarter over the same period a year prior”.    Below are 3️⃣ reasons The Wall Street Journal forecasts strong performance for SFR (single-family for-rent):   1️⃣ “Tenants in single-family homes move less often than apartment renters”   Thus, SFR tenants “may be more willing to absorb rent increases if their families feel settled into a neighborhood and school system”.   2️⃣ Home renters are wealthier   Thus, not only are SFR tenants “more willing to absorb rent increases”, they are also more able to absorb rent increases. 3️⃣ Home affordability is at the “worst level for buyers since at least 1985” – John Burns Research and Consulting Even though SFR tenants are wealthier than apartment renters, they still struggle to afford the cost of owning a home. This reduces the risk of tenants who stop renting when they purchase a home.   💲 Our in-house research team’s findings support the widening gap between monthly rent and monthly cost to own in #CentralTexas. For #SanAntonio, the monthly gap is $1,031. In #Austin, the monthly gap is $1,595.    📈 Given the 3️⃣ reasons above and the vast affordability chasm between renting and owning, I’m bullish on the performance of BTR / SFR projects like YardHomes Juniper Pointe by Urban Moment in far west San Antonio, Los Cielos by AHV Communities at Brooks City Base, and Beacon at Vine Creek by Beacon Residential in #Pflugerville.   📝 If you’d like access to the full JLL Central Texas Q3 research report created by our in-house research team (thanks to Mikala Lowrance), here’s the link: https://lnkd.in/eA9unxHC JLL Multi-Housing - Central TX Ryan McBride | Robert Wooten Chris Roper | Nick Beardslee | Alex Fernandes