AMA - Ground Lease Build to Rent

Today is another AMA episode (Ask Me Anything). This question comes from Stephen. He asks,

I am looking to develop a small build to rent community of 30 townhouses on a leased property. I’m just getting started in development and wanted to start small. By leasing the property, I can reduce the amount of equity required to complete the project. The land is already zoned residential, and I should be able to build the desired density with the current zoning. Does this strategy make sense? How would you advise me to proceed?

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Host: Victor Menasce

email: [email protected]