Overview
THE PREMIER BUILD-TO-RENT COMMUNITY IN TALLAHASSEE
Colliers is pleased to present The Cypress at Wesley Park, the premier Build-to-Rent (BTR) community in an affluent and fast-growing submarket of Tallahassee, FL. Built in 2024 by D.R. Horton, America’s #1 homebuilder, The Cypress at Wesley Park differentiates itself with a combination of excellent construction quality, best-in-class interior finishes, a high-end tech package, private backyards, and private 2-car garages. All 62 single-family-style units are massive (Avg. 1,713 SF) and offer Class A features such as modern white cabinets, hardwood-style floors, stainless steel appliances, full-size washer and dryers, and granite countertops.
The Cypress at Wesley Park offers a combination of excellent construction quality, best-in-class unit interiors, and unique features such as private backyards that give residents a sense of place and truly differentiate the property from the competition
Investment Highlights
AFFLUENT SUBMARKET, GOOD SCHOOL DISTRICT, & PROXIMITY TO THE LARGEST EMPLOYERS IN TALLAHASSEE
Positioned within the new Wesley Park community, The Cypress at Wesley Park attracts a high-income demographic looking for an upscale suburban lifestyle and good schools. Only 30 minutes from downtown Tallahassee and Florida State University (14,700 jobs), the property allows new ownership to leverage substantial net migration in Crawfordville (26% population growth since 2010), an increasingly affluent resident base ($96,600 AAHI within a 1-mile radius), and strong rent growth (3.7% annual rent submarket rent growth from 2024 to 2027) to push top-line revenue for years to come.
ADVANTAGES OF A BUILD-TO-RENT COMMUNITY
· Provides residents and families with more space
· Sense of place and a neighborhood ambiance
· Unique features including a private fenced yard and 2-car garage
· Flexibility and affordability in the face of rapidly rising home prices and record interest rates
· Build-to-rent communities generate an excellent combination of stable occupancy and consistent cash flow
· The large millennial population has reached the age that leads to household formation
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