DRB Group Celebrates Six Years of Successful 'Build-to-Rent' Business
ROCKVILLE, Md., November 3, 2023 (Newswire.com) - The DRB Group, a Development and Residential Building company, is the 21st largest overall and fifth largest private residential homebuilder in the nation. With over three decades of residential real estate development expertise, DRB Group has continued to expand their “Build-to-Rent” branch: DRB Group Development.
At the direction of Chief Executive Officer Ronny Salameh, DRB Group was one of the first builders to enter the Build-to-Rent space in 2018. DRB Group has developed a strong reputation as the builder of choice for many investment groups. The DRB Group BTR platform is the most versatile and flexible in the industry with 53 communities currently under construction, under contract or in the pipeline to build for 31 ownership groups. DRB Group anticipates building a total of 5,722 homes in the BTR space over the next several years.
“Pine Grove Communities is currently partnered with DRB Group on a 124-home rental townhouse community. They have done a great job keeping construction costs in line while exceeding our expectations on delivery schedule and product quality. The local DRB team has been responsive and proactive. The dedicated, on-site supervision that our project has received is the best we have encountered to date. This experience has given us the confidence to actively pursue new communities and other ways to expand our Build-to-Rent relationship with DRB Group.” – William Stark, Managing Partner of Pine Grove Communities.
“… they (DRB Group) have been able to seamlessly apply those skills to the relatively new concept of Build-to-Rent. Crescent Communities took the opportunity to partner with DRB Group on our venture into the Build-to-Rent space, and we have found that the same proficiencies that have made DRB Group an industry-leading, single-family for sale builder have poised them for success in the Build-to-Rent space. Every project we have engaged DRB Group on has been met with consistent professionalism, seasoned executives, project management and field staff, a focus on design, schedule and budget, and a relationship-focused approach. DRB Group efficiently creates tremendous value by coupling the use of market-tested home plans to create a community concept with their extensive market-specific knowledge driving the permitting process. DRB Group is a top-of-class builder and trusted industry partner, and we look forward to partnering on numerous future developments together!” - Daniel Cooper, Crescent Communities, President of Construction
“By being an early adopter of the BTR business model, we have proven that we are more flexible, more nimble, and more efficient than most. This ability to not only deliver completed units on schedule but often ahead of schedule, and our lack of red tape, has given us an advantage that is proving successful for DRB Group and our partners.” Edwin Woods – EVP & Region President, DRB Group
For more information about working with DRB Group Development, please contact BuildtoRent@drbgroup.com
*Based off 2022 data Builder 100
Source: DRB Group
