Brunmar Capital was founded on the principle that successful real estate investing starts with a top-down approach to identify high-level investment themes and ends with a bottoms-up approach to execute on specific opportunities that best exploit these broad themes.

At Brunmar, we believe that the single-family rental (SFR) market currently presents the most compelling investment opportunities in today's ever-evolving real estate market. Brunmar believes that the best way to invest in SFR is to acquire (i) newly constructed build-to-rent (BTR) communities (ii) in growing markets in the Southeast and Texas (iii) directly from traditional for-sale homebuilders (iv) at certificate of occupancy (CO).

The acquisition at CO model occurs in the middle of the lifecycle of a BTR development as it follows the predevelopment and construction phases but precedes the lease-up and stabilization phases. This type of transaction creates a win-win for both the homebuilder/seller and Brunmar/buyer.

Benefits to builder partners include: (i) eliminate market risk/certainty of execution; (ii) ability to scale development pipeline/recycle capital; and (iii) early takeout of construction loan/elimination of recourse guarantees. Benefits to Brunmar include: (i) avoid entitlement and development risk; (ii) minimize lease-up risk and carrying costs through phased closings; and (iii) basis at discount to comparable retail sales.