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Cost Control

  • Fully developed cost of an ERC MHR community is approximately 60% to 70% of the cost of a conventionally built single family home community

  • Direct material and labor costs lower as they are factory-built

  • Land allotment is approximately 1/3 less than what is needed in conventionally built homes

Speed to Revenue

  • Horizontal” nature of land development and construction (underground, paving, and landscaping only), makes sites available sooner

    • Homes can be moved into the community faster, and in groups

    • Homes are made available for rent sooner

  • ERC anticipates that most homes will have lease contracts in-place prior to being transported to the community

    • Once homes are set up, rent collection can immediately commence

    • ERC projects 100% occupancy of its developments that are 100 units or smaller within 12 months

Zoning & Entitlements

  • ERC’s MHR communities will be developed outside of core urban areas where higher and better uses of land are more likely, resulting in lower land costs and faster entitlement processes

  • According to surveys, monthly rent savings of $1,000 is worth as much as 15 to 20 minutes of additional commute to renters

    • ERC will seek entitlement of land that is “a bit further out” and not in competition for higher zoning uses

    • The ERC development team will ensure that proper zoning and entitlements can be achieved before acquiring land for new development


  • The KEY to the ERC MHR platform strategy is to address the strongest and broadest market demand

  • Focus on extensive need for separate family living in 3-bedroom / 2-bathroom homes approximating 1,400 square feet

  • Homes that are affordable for entry-level families

  • Of particular concern in the in-migration states of the Southeast, where single-family home prices and rental levels are increasing materially

  • Approximate $1,000 / month savings afforded in ERC’s MHR communities allow for a broader, deeper market of potential renters