Institutional investors advised by J.P. Morgan Asset Management in partnership with the principals of Georgia Capital, an Atlanta-based residential investment and development firm, and its affiliated production homebuilding company, Paran Homes, have launched Laseter Development Group.
This newly created, vertically integrated build-to-rent (BTR) development company will look to increase the housing supply by building single-family rentals in high-demand areas across the Southeast. Institutional investors advised by J.P. Morgan Asset Management and principals Georgia Capital and Paran Homes each own 50 percent of Laseter.
Laseter is dedicated to addressing the U.S. housing shortage by leveraging its comprehensive in-house land development and home-building expertise. The company will collaborate with outside partners to complete its developments, as well as provide third-party general contracting services to other BTR developers. The first two developments are expect
