Franklin Covey Company Expands Rental Solutions with Covey Homes Midsomer Acquisition in SC
- Covey Homes by MORE enhances its rental market presence with the acquisition of Covey Homes Midsomer in Graniteville, SC.
- The company focuses on quality rental experiences with modern amenities and interconnected communities to meet housing demand.
- Covey Homes operates over 5,000 homes in the Sun Belt region, emphasizing innovation and high-quality rental living.
### Expanding Rental Solutions: Covey Homes Midsomer Acquisition
Covey Homes by MORE strengthens its foothold in the single-family rental market with the acquisition of Covey Homes Midsomer, a newly completed rental community in Graniteville, SC. This development features 75 detached homes, offering a range of three to five bedrooms, each designed with modern amenities. The homes come equipped with fenced yards, two-car garages, and private patios, catering to the needs of families seeking quality rental options. Noteworthy features include granite kitchen countertops, stainless-steel appliances, and smart-home technologies, highlighting the company's commitment to providing a contemporary lifestyle for its residents. The pet-friendly nature of these homes further enhances their appeal, making them suitable for a wider demographic.
This latest acquisition aligns with Covey Homes by MORE's strategic vision to address the ongoing housing crisis by focusing on newly built rental communities. CEO Mark Alfieri underscores the persistent demand for quality rental experiences, despite economic uncertainties that may affect other sectors. The location of Covey Homes Midsomer, situated just eight miles from another Covey community in North Augusta, SC, reflects the company's strategy of building interconnected communities that cater to growing markets. This approach not only meets the immediate housing needs but also aims to foster a sense of belonging among residents, enhancing their overall living experience.
Covey Homes by MORE operates over 5,000 homes across 33 rental communities primarily in the rapidly expanding Sun Belt region. The brand, established through a joint venture with Stockbridge, is designed to tap into the evolving landscape of residential rentals. With a management team boasting extensive real estate experience, the firm is well-positioned to navigate the complexities of the rental market. Their focus on single-family rentals and multifamily properties showcases a commitment to diversifying housing options, meeting the demands of today’s renters.
In addition to the recent acquisition, Covey Homes continues to innovate within the rental sector by incorporating smart-home technologies and modern design features that resonate with tenants. The company’s proactive approach in addressing market needs positions it as a leader in the residential rental space. With a clear vision and an expanding portfolio, Covey Homes by MORE remains committed to shaping the future of rental living.
As the company progresses, it emphasizes its dedication to providing high-quality rental experiences that stand out in a competitive marketplace. The alignment of its operations with growing demand for new rental homes ensures that Covey Homes is not just responding to current market trends but also anticipating future needs in the housing sector. For further information, visit www.CoveyHomesbyMORE.com.