Spotted in the press
Lafayette Real Estate Breaks Ground on Vertical Construction for Sawyer’s Preserve in Jacksonville, Florida, a 214-Unit Build-for-Rent Townhome Community
New York, NY & Jacksonville, Fla. – July 15, 2022 – Lafayette Real Estate, a real estate investment firm that develops, builds, and acquires single-family homes for the rental market, announced today that it started vertical construction on Sawyer’s Preserve, a 19-acre parcel of land Lafayette acquired in January 2021 with plans to build a 214-unit townhouse development. Lafayette Real Estate oversees
horizontal and vertical development and ongoing property management, reflecting the firm’s strong emphasis on the growing build-for-rent (BFR) sector.
Situated eight miles from downtown Jacksonville, Sawyer’s Preserve will be a new townhome development with 214 spacious units, comprised of 146 3-bedroom homes and 68 4-bedroom units, and amenities including a swimming pool and cabana. The property will be managed by Lafayette RE’s internal property management company, Brandywine Homes USA.
Florida’s largest city, Jacksonville, is also one of the nation’s fastest-growing major metropolitan areas, with a substantial, ongoing influx of young professionals from other areas, drawn to a relatively low cost of living and an employment landscape that has shown resilience during the COVID-19 pandemic. Top employers include several Fortune 500 companies, and Amazon Logistics announced plans to open its 9th facility in the city. Additionally, since the mid-2000s, Jacksonville has experienced a housing shortage, strengthening the investment thesis for a build-for-rent community in the local market.
The first completed units at Sawyer’s Preserve are anticipated to be available for rent in the fourth quarter of 2022.
About Lafayette Real Estate
Founded in 2011, Lafayette Real Estate is a real estate investment management firm with $1 billion of gross assets under management. The firm develops, acquires, and operates single-family homes, townhomes, and duplexes for the rental market.
Lafayette has over 3,000 homes under management and an additional 800+ under construction.
Please visit www.lafayette-re.com for additional information.