A Full-Service, Build-To-Rent Development Company

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.

Black Opal’s Experience Includes:

  • Site Selection and Evaluation
  • Due Diligence
  • Land Acquisition
  • Zoning + Approvals
  • Financial Analysis
  • Neighborhood Master Plan Development
  • Design + Development
  • Vendor Management, Including Bidding + Contract Negotiation

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.

 

Exclusive Joint Venture With Pretium

Black Opal and Pretium, a specialized investment management firm with approximately $30 billion in assets, including more than 70,000 single-family homes for rent, have formed an exclusive joint venture that will invest $600 million to develop, build and operate new single-family, build-to-rent communities across key Midwestern markets and Florida’s West Coast.

With plans to design and build over 2,000 new single-family rental homes in these regions, in 2022, our joint venture intends to develop six communities across key markets in Indiana, Ohio and Florida, totaling more than 700 new homes.

Learn More 

Contact Us For For Investment Opportunities.

We’d love to hear from you. Contact us today.

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