DENVER, Aug. 23, 2022 /PRNewswire/ — Atlas Actual Property, a Denver-based chief within the single-family rental (SFR) sector, introduced in the present day that it has reached a brand new milestone of $2.5 billion in property below administration. Since its entry into the market in 2012, the corporate has grown from an area single-family rental firm to a big, property administration participant within the SFR housing sub-sector throughout the USA.
“Our SFR property administration crew has grown tremendously in lock step with this quickly increasing phase of the housing market,” stated Atlas Actual Property CEO Tony Julianelle. “Due to an amazing, rising set of institutional companions, this phase of our property administration division has skyrocketed in current months and we’re grateful for the ever-growing belief of those main companions,” added Julianelle.
Within the final two years alone, Atlas has added 5 new places of work with property administration leaders with a purpose to develop alongside the growth of its institutional shopper companions. With a strategic concentrate on the mountain and sunbelt states, the corporate has uniquely positioned itself as a nationwide SFR property administration chief.
The $2.5 billion portfolio stretches throughout greater than a half dozen states and contains all kinds of each city and suburban properties. The corporate additionally added their very own Atlas Dwelling Companies division final yr in an effort to higher serve their institutional purchasers trying to scale back upkeep and restore prices and lead occasions, in addition to the time required for renter turnovers. This transfer has been of explicit enchantment to property homeowners amidst rising challenges within the world provide chain and labor availability.
“The administration of institutional single-family rental portfolios has introduced an enormous alternative for each residents and the Atlas crew, and I couldn’t be prouder of how innovatively and proactively our crew has risen to the event,” stated Vincent Deorio, Atlas’ Vice President of Development.
As the corporate appears to be like forward, property administration stays one in every of Atlas’ fastest-growing divisions and has no indicators of slowing down. The Atlas crew was just lately lauded for its management as a high employer and has attracted a robust new expertise pool to assist this development trajectory.
“It has been rewarding on many ranges to be a foundational participant in our nation’s SFR business,” stated Ryan Boykin, co-founder of Atlas. “We started to see early indicators of demand for single-family leases 10 or so years in the past, we’re glad to have had the chance so as to add this feature into the combo for the advantage of our purchasers and communities,” he added.
A current report from HouseCanary confirmed a 58% improve in single-family rental listings within the first half of 2022, over the identical interval one yr prior. This development reveals little signal of slowing as many homebuyers are hesitant to tackle new mortgages amidst ongoing shifts in federal rates of interest and an growing want for relocation flexibility.
About Atlas Actual Property
Atlas Actual Property is a full-service actual property firm specializing in funding providers, property administration, institutional acquisitions, and purchase/promote brokerage. Atlas can be a Zillow Flex Accomplice Company. Since its inception in 2013, the corporate has made a dedication to Uplift Humanity By way of Actual Property.
With places of work in ten markets nationwide, Atlas transacts over $1 billion in actual property yearly and manages almost 9,000 residential items. To study extra about Atlas, go to www.realatlas.com.
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SOURCE Atlas Actual Property