ERC Homebuilders was formed in 2018 and is intended to become a next generation wholesaler of build-for-rent (âBuild-For-Rentâ) single and two-family residences. As home ownership continues to drop and more Millennials, Gen-Xâers and Baby-Boomers want to rent, demand in the rental market for new units is increasing. There is a corresponding demand for such properties by institutional investors. The company plans to target this rising demand for single-family rental properties, and specifically the unmet demand of institutional buyers such as private equity firms, hedge funds and national rental operators by developing and wholesaling Build-For-Rent units, initially in its home state of Florida and expanding to other parts of the country from there.
