This week a small Tampa, Florida-based builder, ERC Homebuilders, is launching a "soft" IPO, hoping to raise $100 million to build more than 1,000 rental homes across the state. It is offering investors private shares using Regulation A+, a form of investment crowdfunding that allows small companies to raise limited funds from the general public. Accredited and nonaccredited investors can participate.
Romell Group is the patron name in the field of real estate. The firm aims to endow people with modern generation homes. The group since its time of inception focuses on achieving customer satisfaction and maintaining high quality of property with unmatched services. The team is armed with their wide and innovative skills. The well-knit team comprises of engineers, architects and designers who work relentlessly to maintain the reputation of the company. Each of the projects created by them are unique and magnificent, thus carving a niche in the realty domain.
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"It's viewed as an ancillary income stream. We see this as more and more renters may prefer to raise a family or live in a single-family home versus an apartment complex or community or building. And so it is part of our Apartment Living group," Toll Brothers CEO Douglas Yearley said on the company's second quarter earnings conference call last month.