CT Realty Trust

Visiting the site each week is always exciting, but this week was special—the entire site has transformed! You can't ask for a better day for some drone footage, the greenery this time of year is pretty amazing. Next week, paving will start at the site's entrance, keeping us on schedule to welcome our first residents in just a few weeks. Our fantastic team is driving this project forward, including those working diligently on-site and many others behind the scenes. #buildtorent #BTR #landdevelopment Krown Point Capital Nelson Construction KRW Realty Advisors, LLC

January --> March | The Grand Ryefield Why is the Build-to-Rent (BTR) sector the fastest growing segment of the US housing market? One distinctive benefit of the BTR sector is its "horizontal multifamily" construction model. This approach introduces several efficiencies over conventional vertical multifamily buildings, including faster construction, the ability for early move-ins, and higher rent potential. Traditional multifamily developments often face a long process to obtain a certificate of occupancy (CO), followed by the challenge of leasing an entire building. In contrast, BTR projects mitigate leasing risk by obtaining multiple COs throughout development, enabling earlier leasing. Our latest BTR project had its first residents move in just 10 months after commencement. This accelerated leasing process not only boosts our revenue sooner but also helps counterbalance construction loan interest expenses, reducing the overall project cost. Our last project had some residents living on an active construction site for 9 months as the rest of the community was finished, highlighting the demand for these units. The combination of amenities like a clubhouse, pool, dog parks, professional management, private backyards, attached garages, and spacious living areas cultivates a community feeling that traditional multifamily housing struggles to match. In a challenging environment of high interest rates and costs that have sidelined many traditional multifamily developers, the benefits of BTR assets enable us to continue offering strong development opportunities to our investors. We're excited to welcome our first residents to The Grand Ryefield this July. #Buildtorent #BTR #BTRinvestment

Ryefield Village & New Offering Updates: Our Ryefield Village development is continuing to make?great progress. Not a great day for drone pics but our renderings give an idea of how nice this 90-unit community will turn out. We couldn't be happier with our partners,?Krown Point Capital?and KRW Realty Advisors, LLC, and our GC, Nelson Construction. Upon completion, we will have built 165 single family (BTR) rental units?in?partnership with them. Very soon that number will double: - Our 3rd development of 163 units, East Granby SFR, will break ground this spring - East Granby is a $75M project and the Phase I equity raise is almost full at 86% ** East Granby is a 506(c) Offering open exclusively?to Accredited Investors ** Use this link to create an account with CRT and stay up to date on all our projects: https://lnkd.in/eviTrNHq The number of BTR units constructed across the country increased about 52% between 2021 and 2022. However, the majority of those units were in the midwest and south. Resident demand for this type of product is strong in Connecticut , and we aim to fill the lack of supply. If any brokers have any land in CT, please feel free to reach out. Connecticut Realty Trust |?Bard Kligerman | Robert M. Kligerman?