Join us as we disrupt the fastest growing segment in Real Estate

Help answer the call for Affordable Housing with Build to Rent

ERC Communities is a pioneer build-to-rent (B2R) real estate development company wholesaling mini-neighborhoods of affordable single-family, manufactured homes. Led by senior executive experience of over 100 combined years and $1 billion in construction experience, the company is at the forefront of the emerging B2R boom. Help us answer the call for affordable single family homes offering approximately 25% to 35% reduction in rental costs in a safe, sustainable environment.

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  • Equity Upside in Common Stock
  • Fastest Growing Segment of Real Estate Investments

Minimum Investment: $650

INVESTMENT & MARKET DETAILS

$ 650 MINIMUM INVESTMENT

10DIVIDEND YIELD DIVIDED QUARTERLY

3.8DEFICIT OF HOMES*

Why Us

Why ERC Communities?

A surge is underway in development of subdivisions of single-family homes and townhomes “built for rent” (abbreviated as “BFR”), and they are being leased faster than developers can build them. 

The problem is that the homes being built for rent are typically at a price point that is higher than many households can afford comfortably. 

The strategy of developing manufactured homes for rent can help greatly in meeting this societal need, and in a manner that pays strong dividends to the developer.

Today’s manufactured homes are of a considerably higher quality, and more appealing than those of decades past. If the rent is significantly lower than for competitive site-built homes, this study concludes that there will be exceptionally strong demand for these rental homes.

OUR UPCOMING LOCATIONS

ERC's initial development strategy
focuses on several key Florida markets​

  • Tampa Metro: Tampa, Brandon, Riverview, Seffner, Plant City, Zephyrhills, Wesley Chapel, Pasco County, Ellenton and Bradenton

  • Central Highway 4: Lakeland and Orlando metro area

  • Sarasota Metro: East Sarasota, Port Charlotte, North Port, Punta Gorda, Venice and Englewood

  • South Gulf Coast: Ft. Myers, Cape Coral

  • Jacksonville Metro

Broke Ground Q4 2022 in Zephyrhills:
39575 North Ave, Zephyrhills, FL 33542

ERC STRATEGY

A Unique Approach

Cost Control

  • Fully developed cost of an ERC MHR community is approximately 60% to 70% of the cost of a conventionally built single family home community

  • Direct material and labor costs lower as they are factory-built

  • Land allotment is approximately 1/3 less than what is needed in conventionally built homes

Speed to Revenue

  • Horizontal” nature of land development and construction (underground, paving, and landscaping only), makes sites available sooner

    • Homes can be moved into the community faster, and in groups

    • Homes are made available for rent sooner

  • ERC anticipates that most homes will have lease contracts in-place prior to being transported to the community

    • Once homes are set up, rent collection can immediately commence

    • ERC projects 100% occupancy of its developments that are 100 units or smaller within 12 months

Zoning & Entitlements

  • ERC’s MHR communities will be developed outside of core urban areas where higher and better uses of land are more likely, resulting in lower land costs and faster entitlement processes

  • According to surveys, monthly rent savings of $1,000 is worth as much as 15 to 20 minutes of additional commute to renters

    • ERC will seek entitlement of land that is “a bit further out” and not in competition for higher zoning uses

    • The ERC development team will ensure that proper zoning and entitlements can be achieved before acquiring land for new development

Affordability

  • The KEY to the ERC MHR platform strategy is to address the strongest and broadest market demand

  • Focus on extensive need for separate family living in 3-bedroom / 2-bathroom homes approximating 1,400 square feet

  • Homes that are affordable for entry-level families

  • Of particular concern in the in-migration states of the Southeast, where single-family home prices and rental levels are increasing materially

  • Approximate $1,000 / month savings afforded in ERC’s MHR communities allow for a broader, deeper market of potential renters

SCALING STRATEGY

ERC seeks to develop numerous manufactured home rental communities, targeting a run-rate of 3,000 homes per year in the next 3+ years

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OUR PRODUCT

Product Overview

  • Cost: Average cost per home estimated at ~$65,000; all-in development cost of ~$160,000 providing solid basis for profitable rentals and scaling

  • Home Build: Prioritization on structural integrity over optional amenities

    • Standard Features include hard-surfaced floors (no carpets), wider exterior walls (2” X 6” vs 2” X 4”), senior grade insulation, full FEMA-code storm protection

    • Demand driving up the cost of manufactured homes resulting in increased market value of rentals

    • Every $5,000 of increased home cost = only ~$31 of required rent to maintain yield based on current rent comparables 

    • Tax Advantage: Shorter depreciation life of manufactured homes

  • Quality & Maintenance: Structural strength of manufactured homes on par with conventionally built homes

    • Monthly internal inspections ensure rigorous ERC maintenance standards  

    • Leveraging technology and personnel to closely monitor communities

    • Some manufactured homes are 30 and 40+ years old, proving their sustainability. All ERC MHR homes will be brand new, with an advantageous combination of allowable depreciable life and practical longevity

ERC Leadership Team

Gerald Ellenburg
ERC Chairman and Chief Executive Officer

Gerald “Jerry” was the Founder and General Partner of Ell-Cap Manufactured Home Communities, acquiring over 100 properties totaling more than 40,000 rental units across 26 states. Principal in over $900 million of transaction value.

Ryan Keonig
ERC President and Chief Development Officer

Ryan has 25+ years experience in real estate development, general contracting, and construction management in single-family, multi-family, and commercial real estate. He has completed transactions totaling approximately $600+ million of value.

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