Single-family rentals (SFR) is the construction of single-family homes with the intent to retain the homes for long-term rental purposes. Pure Cycle is working with experienced home builders to construct these homes, which Pure Cycle will own and maintain the properties, taking on a new role as property manager. “The SFR model is ideal for our highly appreciated land and water assets, allowing us to build an accretive high margin recurring revenue product while maintaining our highly liquid balance sheet using inexpensive capital for the incremental cost of building each home” comment Mark Harding President and CEO.
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