Onyx+East is proud to announce the launch of Black Opal, its build-to-rent development arm that offers a full range of development services and builders of high-quality, single-family homes for rent. Our team utilizes the extensive acquisition, development and management experience of its principals on the procurement of property—and the subsequent planning and development—bringing continuity from planning through construction. Black Opal developments are coming soon to key Midwestern markets and Florida.
The build-to-rent model is one of the fastest-growing sectors of the U.S. housing market due to limited housing supply and increasing home prices. Black Opal will acquire, design and build out a thoughtfully designed community to give residents the single-family living experience—without the responsibility of home ownership.