About Us
Primestone Residential, LLC (”Primestone”) is a privately-held, real estate investment, and development services company specializing in land acquisition for the development of institutional-quality, built-for-rent multi-family, and mixed-use communities.
The principals of Primestone have decades of experience going back to 1982 in owning, developing, and managing Class-A multi-family residential, office, industrial, retail, and hospitality real estate assets.
Primestone is focused on creating ”best of class”, institutional-quality, Built-for-Rent (“BFR”) properties in the residential segment of the commercial real estate industry. Our approach to evaluating an investment in real estate requires a thorough understanding of real estate capital flows in a diversified portfolio context in comparison to alternative investment classes (equities, bonds, alternatives, private equity, etc.).
About low density, Built-for-rent
Why are tenants shifting to BFR?
Consumers have profoundly altered how they interpret the American Dream, no longer is it necessary to own a home to achieve this dream. Consumers are altering how they live; Baby Boomers are maintenance averse and millennials do not want to be tied down to a mortgage.
What is BFR?
Built-for-rent communities feel like an apartment and live like a home. BFR communities have gained popularity since 2008 and are projected to continue to outperform traditional, transitory, garden-style multifamily projects over the next 10 years. These communities provide the best-in-class amenities, convenience, privacy, and a neighborhood feel that apartments cannot provide.