What's Happening?
ONM Living has commenced leasing nearly 850 new cottage-style rental homes across three communities in Collin and Tarrant counties, North Texas. The developments, located in Anna, Lavon, and Fort Worth,
are strategically positioned near major job centers and highways. This expansion is part of ONM Living's strategy to cater to the growing demand for single-family rental homes in rapidly developing suburban areas. The communities offer a range of amenities, including resort-style pools, fitness centers, and community-wide Wi-Fi.
Why It's Important?
The launch of these new rental homes by ONM Living underscores the increasing demand for flexible living options in North Texas, driven by rapid population growth and urban expansion. This development is significant for the local housing market, as it provides more rental options in a region experiencing high demand. It also reflects broader trends in the real estate industry, where build-to-rent models are gaining popularity as an alternative to traditional homeownership.
What's Next?
ONM Living plans to deliver nearly 700 homes by the end of the year and an additional 760 homes in 2026 across new developments. The company is likely to continue expanding its footprint in North Texas, leveraging partnerships and market demand to drive growth. Stakeholders will be interested in how these developments impact the local housing market and ONM Living's future expansion plans.
