Jim Jacobi, president of Parkland Communities and Parkland Residential, is a featured panelist during the 10th Annual IMN Single Family Rental Forum in Scottsdale, Arizona, December 5 – 7, 2022. This industry-leading event brings together REITs, funds, aggregators, investors, developers, home builders and others for two-and-a-half days of lively discussion, thoughtful debate, and networking.
Jacobi has entitled +1,000 BTR lots around Atlanta and will provide thought leadership in the session, “Buying Entitled vs. Raw Land/Using A Merchant Builder vs. Keeping In-house/Selling Pre- vs. Post Occupied.” Session Chair Melanie Pennell-Mayer, CEO of Associated Ventures, will lead the discussion covering many hot build-to-rent topics, including:
Who should you use to help you buy/sell the land?
Streamlining the entitlement process.
Role of local market knowledge/experience and how unique the process is across different markets.
Sourcing materials and labor.
Tax, insurance and financing considerations and complexities.
Should you be using a land bank?
Payment structures and waterfall.
In addition to Jacobi, panel participants include Aimee Martin, Principal at ASM Real Estate Advisors; Kelli Lawrence, CEO of Onyx and East and Paul Megler, EVP-Portfolio Management and Strategic Relationships with Walton Global.
“I look forward to meeting industry leaders to discuss build-to-rent financing as it has become challenging to find,” said Jacobi. “Parkland Communities has a large pipeline of BTR communities in development and coming online in 2023; we are searching for debt sources on 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.
The recent IMN Forum in Miami welcomed over 1,700 single-family rental professionals, making the IMN conference the largest and most renowned deal-making event for the SFR industry.
According to IMN, Single Family Rental investments continue to soar, with multi-million securitization deals taking place monthly. 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/21258c50-d497-4a3a-976a-dfa7805c440b/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.
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