New York, NY – October 15, 2024 – AllStreet, a specialized single-family rental fund, today announced its expansion into the Columbus, Ohio market. This move aligns with the fund’s mission to create high-quality, well-managed housing options while contributing to the region’s growing economy. AllStreet’s expansion is expected to benefit both residents and investors by delivering well-maintained rental homes and addressing the increasing demand for stable, community-focused housing.
“AllStreet is already operating in Columbus, this expansion reflects a further commitment to making a positive impact by providing thoughtfully managed, high-quality single-family homes,” said Austin Jia, Co-Founder of AllStreet. “Columbus’ strong economic foundation and population growth make it an ideal market for us to support families and individuals looking for reliable housing in a vibrant community.”
A Market with Strong Economic and Housing Fundamentals
Columbus continues to attract people seeking opportunities in education, career development, and family life, supported by its strong regional economy and ongoing growth initiatives. The city’s gross domestic product (GDP) ranks No.1 in the Midwest region. Employment in the Columbus metro area continues to be strong, driven by expanding sectors such as professional services and technology. Major employers, including Nationwide Insurance, Honda, Ohio State University, Intel and large retail brands, anchor the city’s diverse economy.
The region has also emerged as a hub for technology and innovation, drawing investments from leading companies like Intel, Amazon, Meta, and Google. The city’s unemployment rate, at 4% in Aug 2024, remains below the national average, underscoring its resilience and appeal to new residents.
With strong economic fundamentals in place, Columbus has become an attractive destination for individuals seeking both career opportunities and an improved quality of life. The growing demand for housing presents a timely opportunity for AllStreet to invest in the community and meet the need for reliable, well-managed rental homes.
Addressing the Need for Better Rental Experiences
Columbus’ population growth, combined with rising housing demand, highlights the need for high-quality rental alternatives. Many families and individuals require more space, access to stable school districts, and the sense of community often missing in traditional multifamily units. Yet, they frequently encounter inconsistent rental policies, unpredictable lease renewals, and substandard property management from inexperienced landlords.
AllStreet aims to change this narrative by offering single-family rental homes that provide the stability and comfort residents seek. The fund’s properties will be managed with a focus on operational efficiency, ensuring tenants receive consistent, professional service. By creating homes that support long-term living, AllStreet enables residents to plan their futures with confidence while contributing to the community’s overall well-being.
A Rigorous Investment Approach with Community Benefits
AllStreet’s investment strategy in Columbus is built on a rigorous market selection process, evaluating over 50 key factors, including economic growth, housing demand, and rental yields. Columbus, with its affordable housing market, growing population, and strong employment prospects, meets the fund’s criteria for both financial return and community impact.
“Our goal is not only to deliver strong returns for investors but also to do good by improving housing conditions in the markets we enter,” said Jia. AllStreet’s expansion into Columbus marks a key milestone in its broader mission to transform the rental experience and support the long-term growth of the communities it serves.
About AllStreet
AllStreet is a single-family rental fund focused on providing high-quality, standardized homes in key U.S. markets. Committed to operational excellence and delivering strong returns, AllStreet combines real estate expertise with a community-centric approach to transform the rental housing experience.
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