Jim Jacobi, president of Parkland Communities and Parkland Residential, is a featured panelist during the 8th annual IMN Build-to-Rent, Land & Homebuilding Forum in Nashville, Tennessee, March 2 – 3, 2023. This industry-leading event focuses on private equity, debt and joint venture financing in the land and homebuilding markets.
With more than 1,000 BTR lots entitled in the Atlanta metro, Jacobi will share what he has learned during this process in the session “Land & Lot Acquisition, Financing and Risk Assessment Strategies” from 12:15 – 1 p.m. in Track B. Jacobi will share his expertise on a panel along with Jeffrey Lucas, Vice President JEN Partners, Jan Kurzenberger, Director of Lennar, Batey McGraw, National Vice President – Land with Dream Finders Homes, Scott Lamontagne, Managing Director, Investment Sales with Northmarq and Mike Bednarski, Managing Partner with LyvWell Communities. A lively discussion will cover hot build-to-rent topics, including:
- How do you see land prices trending in the next 6-12 months?
- How are you underwriting land deals today?
- Does your strategy vary by market?
- Are you targeting raw, entitled or finished lots?
- Which financing options are most attractive in this environment?
- How has your risk assessment model changed since the beginning of the pandemic?
- What are the main operational challenges you are facing?
“The IMN Build-to-Rent Forum in Nashville is focused on the business of BTR from the homebuilder and funds perspective,” said Jacobi. “Parkland Communities has a large pipeline of BTR communities in development and coming online in 2023; we are searching for debt sources for BTR communities.”
With decades of experience presenting land plans to zoning review boards and more than 10,000 developed residential lots in his vast portfolio, Jacobi understands how to work within the system to zone new for-sale homes, but build-to-rent communities often add complexity to zoning timelines with variables that aren’t typical objections during zonings for build to sale communities.
Jacobi spoke at the IMN Single Family Rental Forum in Scottsdale, Arizona, last December. On “Buying Entitled vs. Raw Land/Using A Merchant Builder vs. Keeping In-house/Selling Pre- vs. Post Occupied.” Currently, 16 million homes or 11.5% of total homes in the United States, are now single-family rental properties.
For more information on this event, visit https://events.imn.org/event/b0e18b8b-f57e-4d17-951a-236373b9bfe5/summary.
In 2020, Jacobi formed Parkland Residential; a homebuilding company focused on developing and creating build-to-rent communities. Parkland Residential focuses on the underserved missing middle market, defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence but is really a duplex, quad, eightplex or more.
Well-known as a developer in the Atlanta real estate market, Jacobi also runs Parkland Communities Inc., a company that develops communities for local, regional and national home builders.
Based in Atlanta, Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.
For more information on Parkland Communities, visit www.ParklandCo.com.