Rental Properties of America to Develop and Lease over 3,500 Rental Homes Over Next Five Years
Award-winning real estate firm, the Signorelli Company, launches Rental Properties of America (“RPA”), their single-family build-for-rent (“BFR”) division.
As a vertically integrated company, the Signorelli Company (“TSC”) is expanding services of its existing and established divisions to enter the rapidly growing new home rental market. “With industry leading divisions in land development, home building and multi-family property management, TSC is uniquely positioned to meet the growing demand for high-quality single-family rental homes in the Greater Houston area as an alternate to traditional multi-family rentals” stated Greg Armstrong, Chief Operating Officer for the Signorelli Company.
Jeff Dewese, Vice President of the Land Division, is currently developing over 10,000 acres across 12 different communities in the Greater Houston area, each offering excellent amenities and a broad range of price points. Adding a section of rental homes was a natural evolution within these master planned communities was a natural evolution, and at over 2,000 lot positions, provides RPA a great deal of runway to become one of the largest BFR developers in the Texas market.
The RPA portfolio will include the proven floor plans, excellent quality, and extensive warranty program of homebuilder First America Homes (“FAH”). Under the leadership of Division President Dave Barnhart, FAH has grown into one of the largest privately held builders in Texas, delivering quality homes from the $180s to $300s.
TSC’s in-house Residential Property Management Division led by Stephanie Graves, provides the insight and market knowledge needed to deliver the ideal product mix within each community to meet demand and maximize rental rates. Her team of property managers bring a great deal of experience to RPA.
“As a growing number of families are choosing to rent due to the flexibility and stability it offers, I am confident our team can meet the increasing demand for high-quality single-family rentals in the Greater Houston market, and across Texas,” continued Armstrong. “Many of these renters are baby boomers tired of homeownership, or the millennial generation opting for the hassle-free mentality of renting with the convenience of a backyard, garage and storage space.”
With industry experts RCLCO reporting an “explosive growth in the built-for-rent business”, RPA was established to offer an attractive option for families in all stages of their formation who prefer the flexibility and convenience of rental living. With a focus on quality construction in desirable locations with best in class amenities, RPA has already begun the development and leasing of homes across several of their Houston area communities, and is expected to expand into other major Texas markets as opportunities are identified. Visit www.rpaliving.com for more information.
Rental Properties of America
Based in The Woodlands, TX and established in 2020, Rental Properties of America is the Built-For-Rent division of the Signorelli Company with single-family rental offerings in communities across the greater Houston area. The company is focused on quality craftsmanship, convenient locations, and flexibility. For more information about Rental Properties of America, visit www.rpaliving.com.
The Signorelli Company
For more than twenty-five years, The Signorelli Company, founded by Danny Signorelli, has developed and built the finest places where families can live, work, shop and play. Diversified in all aspects of real estate, from single-family and multi-family to retail, commercial, recreational properties, land development, and mixed-use projects, The Signorelli Company is recognized as a leader in Texas and Oklahoma, and is one of the largest privately held development companies in the State of Texas. The company is headquartered in The Woodlands, TX. For more information about The Signorelli Company, visit www.signorellicompany.com.