Since the pandemic, rental housing has taken off in the Southeast. Now, another developer is scaling up production in the region.
With an influx of capital from Brazil's largest homebuilder, MRV, AHS Residential wants to go from developing a few hundred units a year to more than 1,000 by the end of this year. By 2024, it wants to hit 5,000 annually. Recently, the company broke ground on AHS Tributary, a 433-unit apartment community located in Douglasville, Georgia.
"MRV becoming a major shareholder in the company and making this huge investment allows us to grow more aggressively," says Ernesto Lopes, president & CEO of AHS Residential.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
