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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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  • 10% Annual Tax Deferred Dividend, Paid Quarterly
  • Equity Upside in Preferred Stock
  • Fastest Growing Segment of Real Estate Investments

For Accredited Investors Only

Minimum Investment: $ 10,000

INVESTMENT & MARKET DETAILS

10K MINIMUM INVESTMENT
10DIVIDEND YIELD PAID QUARTERLY
3.8 DEFICIT 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

Breaking ground Q2 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

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.

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*Hunter Housing Economics: A new analysis from Freddie Mac shows that the U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand. (The National Association of Realtors has recently received some media attention with a 5.5 million unit shortage, but of the 5.5 million, 3.8 million are single-family

Legal Disclaimer

This message and presentation contains statements and offering materials prepared by ERC Communities Inc. for offers and sales to accredited investors, as defined in Rule 501 of Regulation D. It is not to be construed as an offer to sell to any ineligible investor or into any jurisdiction where such sales are not allowed. The materials contained here should be read in conjunction with our Subscription Agreement, which will be made available to eligible investors. Sales will only be made pursuant to a subscription agreement by which investors will, among other terms, affirm they have had access to the offering materials and will provide such information as necessary to verify accredited investor status.

Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website.

 

Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

Forward-Looking Statements Disclaimer

The offering materials and this letter may contain forward-looking statements and information relating to, among other things, ERC Communities Inc., its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the company’s management. When used in the offering materials, the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements, which constitute forward looking statements. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause ERC Communities Inc. actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. ERC Communities Inc. does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

Copyright 2022 © ERC Communities, Inc.

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  • 10% Annual Yield Dividend, Paid Quarterly

  • Equity Upside from Preferred Stock

  • Fastest Growing Segment of the Real Estate Investment