Our approach is to deliver rental apartment homes at a competitive construction cost while still achieving significant project density. This program allows Eden Living to deliver units at a market cost basis that receives a rent premium over typical traditional multifamily apartments, yielding a higher overall return to the platform. For the resident, this model offers a unique living experience from that of traditional multifamily product. Each resident will benefit from the look and feel of a detached apartment home with private entrances and backyard space, all while still offering full service and amenities such as a clubhouse with a pool and fitness center at prices far less than traditional single family home ownership and rentership.
GROWING MARKET NICHE:
Horizontal apartments are traditionally located in suburban areas and have access to more privacy and outdoor space. Overall, they provide an alternative living experience to an individual seeking added privacy, a family with kids, or a senior couple looking to downsize with the flexibility of renting and the convenience of not having to self-maintain.
Rental housing has long been an important component of the nation’s housing stock. Currently there are more free-standing rental homes in the United States than there are apartment units contained in buildings with 10 or more units.