BWE Investment Sales has been exclusively engaged by Provident Realty
Advisors to arrange the placement of Joint Venture equity for the development of parcHAUS, a soon to be developed luxury Class-A, full-service residential rental community commonly referred to as “Built-for-Rent”.
The program utilizes a unit pod concept of one and two-story attached duplex and detached unit types strategically located to provide each unit with a private fenced yard, while also maximizing the community’s open space. Each unit has a private attached garage, private yard and patio, all included in rent. Pods do not share a common living area wall with the adjacent unit. The communities will include onsite leasing and management staff, maintenance, lawn care and valet trash. Other amenities will include a clubhouse with state-of-the-art fitness center, a resort style swimming pool, pickleball court, and dog park all within a well landscaped park like setting. ParcHAUS provides an attractive rental option that supports both “Renters by Choice” and “Renters by Need”, by offering families and individuals with the opportunity to live within a professionally managed, fully-amenitized and cohesively designed community without the costs and hassles of home ownership. Additional highlights include strong major freeway access, excellent schools, affluent and mature adjacent residential neighborhoods, and charming neighborhood parks.