Any developers here with experience in building BTR SFR?

[A Rao]

I have an offer to put in my land (278 zoned SFR lots) as an equity stake in a BTR rent community with an established builder who also has a BTR division. The idea is to rent and stablize for a year and then sell.

Do the numbers on this deal look reasonable? Exurban Atlanta.
Looks like $1.7 million investment (land price + 15% equity in the horizontal development cost) yield $16 million in 3 years? (Horizontal cost LTV 85%, vertical LTV 100%). Land equity mine, the other equity from the builder.

Thanks!