Halstatt Real Estate Partners, a real estate private equity firm, has opened two of its latest build-for-rent developments in Fort Myers, Fla.
These Fort Myers–based properties, Altair and Argos, are the result of joint ventures with Southwest Florida–based developer Soltura Development Group. Located within five miles of each other, these developments add 300 high demand build-for-rent units to the area.
“The cost of homeownership remains elevated, making it less feasible for many individuals and families to purchase a home. This dynamic is driving more people to choose renting as a more affordable and flexible option for achieving the single-family home lifestyle,” says Steve Iannaccone, principal with Halstatt Real Estate Partners. “Build-for-rent properties are particularly attractive in this environment, offering a compelling alternative to traditional homeownership while providing many single-family characteristics, such as a private entrance and fenced