Single-Family Build-To-Rent Investment Platform Launches
Lafayette Real Estate has teamed up with Guardian Residential to create an investment platform that focuses solely on the acquisition and development of newly constructed homes for the purpose of long-term rentals.
The new firm will be known as Lafayette Communities. It will be led by Thibault Adrien, current CEO of Lafayette Real Estate, and Dennis Cisterna III, current CEO of Guardian Residential. Both are long-time industry executives in the single-family rental space.
Lafayette Communities opened its first rental community, the 51-unit Preserve at Pine Grove, in the Riverview submarket of Tampa in early June. The community consists of three- and four-bedroom detached homes with modern features such as granite countertops and stainless-steel appliances.
The company has additional communities under development in Florida and is planning expansion into markets in Texas, Georgia, North Carolina and Tennessee before the end of 2019.
