Amherst Residential streamlines the online process of renovated home buying

Amherst Residential's Bungalo continues to invest in the SFR market, a year after its launch

There has been an increasing rise in demand for housing in the US that's not only affordable, but safe, and of good-quality. In contrast, a majority of existing housing stock is outdated, even unsafe due to lead paint and un-kept conditions. 

As Millennials enter the housing market in greater numbers, many potential home buyers don’t have sufficient capital for a down payment or good enough credit to obtain mortgage financing, and are often unable to renovate properties that are outdated or of sub-standard quality.

In response to these economic and financial challenges for prospective home buyers, a new class of housing has emerged in the market to provide adequate homes for median-income families. Amherst Residential, an early pioneer in the single-family rental space, has developed innovative products and services to help solve these issues and enable investment into portfolios of U.S. single-family rental homes.

For those not interested in owning a home, Amherst Residential offers a portfolio of high-quality, affordable rental homes across the U.S. “We renovate these properties to a high standard and make them more affordable for individuals and families across the U.S.,” said Joe Negri, co-head of Institutional Single-Family Residential at Amherst Residential.

“Amherst Residential offers a variety of investment structures and partnerships in which we will purchase, renovate and lease or manage the properties for investors globally,” said Drew Flahive, president of Amherst Residential.

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