Forward Purchase Rental
Revolutionizing and empowering U.S. housing investment
ResiCore invests in newly built single-family rental communities across the United States, acquiring them from established production homebuilders and holding them as long-term income-producing assets.
Our mission
To establish the premier platform for institutional capital in American Forward Purchase Rentals.
Our focus
Our core strategy is built around Forward Purchase Rentals.
America needs more rental housing.
Rental housing in America has evolved over the years. We believe forming highly aligned partnerships with builders through forward purchase transactions is the correct way to deliver rental housing at scale in the current macro environment.
SFR
Single-family rental
After the financial crisis
Homes built for sale went unsold, and capital bought them one at a time and rented them out. It settled a question the industry had never tested at scale: American families will rent a house.
BTR
Build-to-rent
The cycle that followed
The surplus ran out before the demand did, so the homes had to be built rather than found. Operators took on land, entitlement and construction risk to get them. Rising rates and construction costs stalled the build-out; the demand stayed.
FPR
Forward Purchase Rental
This cycle
The demand outlasted the appetite for development risk, so the two halves separated. Homebuilders build. Owners own. The homes are contracted new and change hands at completion, and construction risk sits with the party built to carry it.
What we do
We acquire newly built single-family rental communities from established homebuilders, operate them to an institutional standard, and hold them for long-term income on behalf of our investors. Forward Purchase Rental is the only way we acquire, and single-family rental communities are the only thing we own.
What we do not do
We do not develop. We take no land, entitlement, or construction risk, and we do not assemble portfolios out of the existing housing stock. Every home we own was built new, for rent.
What we buy
Newly built single-family rental communities.
Forward Purchase Rental (FPR) is how we invest. The assets are what the industry calls build-to-rent: contiguous neighborhoods of newly constructed single-family homes, professionally managed on site. Every home is a single-family home with no one living above or below, and together the homes operate as a single community.
We acquire these communities new, from established production homebuilders, and hold them for long-term income. We buy finished homes; the builder carries the construction.
Our buy box
- Asset
- Single-family rental communities
- Construction
- Newly built only
- Seller
- Production homebuilders
- Markets
- Diversified across the U.S.
- Purchase
- At certificate of occupancy
- Horizon
- Long-term hold
How we partner
We prefer to acquire through long-term strategic partnerships with homebuilders we trust rather than through one-off projects. For our partners, that means we are:
- A committed buyer. Multi-year agreements that give the communities you build a predictable exit.
- A selective, long-term partner. We work with a small number of builders and invest in each relationship.
- An organized, integrated counterparty. Our technology connects to your systems, so every closing runs simpler than the last.
The platform
Built for the long-term ownership of American rental housing.
Technology
A proprietary platform, built for this asset class.
Single-family rental is an operationally demanding asset class: thousands of individual homes, each with its own title, lease, and maintenance history. Our technology and operating systems were built for that reality, and they run every stage of an asset’s life on one system. Because we do one thing, every community we acquire runs through the same system and adds to the same operating record.
01
Sourcing and underwriting
New rental communities are screened nationwide and underwritten to one consistent standard.
02
Builder integration
We connect directly to our homebuilder partners' systems, so acquisitions run on infrastructure rather than paperwork.
03
Construction tracking
Every home under contract is tracked through to completion and delivery.
04
Asset management
Leasing, operations, and ongoing performance are managed on one platform across every market.
05
Reporting
Portfolio-level reporting and per-home records, maintained to an institutional standard for as long as an asset is held.
Contact
Get in touch.
Homebuilders and sellers
We form long-term partnerships with homebuilders and are actively sourcing newly built single-family rental communities.
hello@resicorecapital.comInvestors
For institutional investors who would like to learn more about ResiCore.
ir@resicorecapital.com