What’s Driving Development Wave in The Carolinas?
In REBusiness Online’s cover story, RMR Residential’s Casey Barber provides commentary around the Firm’s acquisition of ARIUM FreeMoreWest and how Charlotte continues to be a top target market for RMR Residential.
“We were attracted to ARIUM FreeMoreWest in Charlotte given its high-growth location that offers excellent proximity to the major employment and entertainment districts in South End and Uptown with rent levels at a massive discount to other properties in those locations,” says Casey Barber, Senior Vice President of Investments at RMR Residential.
“Charlotte continues to benefit from strong in-migration and job growth spurred by its business-friendly climate, attractive lifestyle, relative affordability and diverse entertainment offerings,” says Barber. “Along with Raleigh-Durham, Charlotte continues to be a top target market for us given the current supply-demand imbalance, continued job growth and corporate relocations as well as attractive rent-to-income levels that position the markets for continued growth and strong performance.”
Note: The article is the cover story which starts on page 18.
