The Stallworth Development Group (SDG) is a multifamily investment firm that transforms underutilized assets into unique residential spaces that enhance and support local neighborhoods through operational efficiencies, rebranding, and value-add renovations.
GROWING RENTER POPULATION: More people of all ages, ethnicities, and incomes are renting longer and more permanently due to various economic and lifestyle factors.
STUDENT DEBT OVERHANG: Student loan debt, which stands at Sl.7 trillion as of Q3 2020, an increase of 4% year over year and a 102% increase over the past decade. This debt is burdening would-be homebuyers and creating a large population of longer-term renters.
CHANGING HOMEOWNERSHIP TRENDS: The Millennial and Gen Z generations have been coined the “asset light consumer” preferring to spend money on experiences over products, which includes homeownership.
LONG-TERM RENTER BASE: Limited savings, rising interest rates, credit worthiness, and long-term debt are among the obstacles precluding many individuals from purchasing omes.
SUPPLY DEFICIT: While demand remains high for Class Bapartments, very few units catering to the average renter have been built in the past decade. This sector is over 95% occupied as of Q4 2020.
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