Onyx+East and Pretium begin construction of the first Build-to-Rent community


Monterey will be a BTR community of 24 houses in Tampa, Florida with brand new townhouses that incorporate sustainable home features such as luxury vinyl flooring and stucco exteriors, providing a durable and modern rental option. Located among the vibrant neighborhoods of West Tampa and Westshore, the location also provides easy access to Midtown Tampa, a 22-acre mixed-use neighborhood featuring Class A offices, mixed-use retail and entertainment, luxury apartment residences, and a boutique hotel.

Residents will have the option of renting three- and four-bedroom townhouses with attached garages and will be within walking distance of Midtown Tampa’s coveted urban amenities, including Whole Foods, REI, a community dog ​​park, and a fitness trail. ‘water. Monterey is a short distance from employment centers with over 160,000 jobs and major economic engines, including the University of Tampathe development of West River and the Tampa General Hospital.

“This attractive location in Tampa Midtown provides residents with convenient transportation options throughout the Tampa/St. metro Pete area and plenty of shopping, dining and outdoor opportunities,” said Onyx+East CEO, kelly laurent. “Monterey will provide a desirable alternative to typical apartment living, offering residents a higher quality rental experience with private garages, dedicated outdoor spaces, and open, flexible floor plans. »

“Our partnership with Onyx+East and the Monterey project are emblematic of the high-quality, accessible and affordable homes we are committed to building, renting and operating,” said Matt Johnson, Managing Director and Head of Build-to-Rent at Pretium. “This BTR community will offer Tampa residents a single-family lifestyle of modern, sustainable and healthy homes with amenities and a location we know our residents want. As the current national housing shortage only intensifies, we will continue to work with our partners to build homes and play a leading role in the private capital solution. »

Monterey will be located at 1315 N. Himes Avenue. The joint venture purchased the land in February 2022 and the first units should be available for rent in the fourth quarter of 2023.

About Onyx+East
Onyx+East is a full-service homebuilder performing development, construction, marketing, design and sales with four offices in the Midwest and Florida. Founded in 2015 to deliver homes in the most desirable locations with an exceptional customer experience, Onyx+East creates places designed for modern living that are connected within growing cities and suburbs. Through creativity, innovation and sustainability, Onyx+East creates communities that change the way people live, work and “live”. For more information, visit onyxandeast.com.

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Pretium is an investment firm specializing in US residential real estate, residential credit and business credit. Pretium was founded in 2012 to take advantage of secular investment and lending opportunities resulting from structural changes, disruptions and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the US housing, residential credit and commercial credit markets, and believes that its insight and experience within these markets creates a strategic advantage over other investment managers. investment. The Pretium platform has approximately $40 billion of assets under management at February 1, 2022 and employs more than 3,000 people in 30 offices, including London and dubai. Please visit www.pretium.com for more information.

contacts

Onyx+East

Eva Gribler
317-409-6572
[email protected]

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Jon Keehner / Lyle Weston / Erik Carlson
Joelle FrankWilkinson Brimmer Katcher
212-355-4449
[email protected]

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