Homebuilder Seizes Upon a Niche Market Rental Opportunity
MBK Homes, who’s primary business has been for-sale housing, gets ready to open a rental community in the Carmel Valley area of San Diego with product more akin to for-sale townhomes than your traditional stacked flat apartments. The reason? Extremely low vacancy rates and lack of competitive supply for like product on the rental market. Seems like an interesting play.
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