Great Gulf Group has launched Beacon Residential, a new purpose-built, single-family rental division with 16 communities currently underway. Since 2020, Great Gulf Group, along with its LP investors, have been focused on  bringing new rental communities to U.S. markets, including Charleston, Orlando, Austin, Houston, Tampa, Dallas, and San Antonio.

“The launch of Beacon Residential could not have come at a better time,” said Kiel O’Sullivan, President, Beacon Residential. “While we’ve had an active portfolio in this asset class for over three years, we recognized the opportunity to formalize our activities with the launch of a dedicated brand. With demand driven by strong job growth, low taxes, high affordability, low unemployment, and the desirability for homes in warmer climates, we recognize the Sun Belt’s appeal to a new wave of renters who prioritize flexibility and an array of other turnkey options over homeownership.”

Beacon’s professionally managed communities offer tenants a maintenance-free lifestyle, along with a wide array of amenities, including pools, dog parks, playgrounds, and more.  The company has already committed $260 million of its $400 million target of 2,300 units within the rapidly growing U.S. Sun Belt submarkets.

“In the last couple of years, our communities have helped bring the benefits of apartment-style living to a single-family home setting, a market that has been underserved,” continues O’Sullivan. “The growing demand for new, quality purpose-built rental housing is driven by factors such as affordability, changing life stages, and the increasing trend of ‘renters by choice’. At Beacon, we believe the renter’s experience should be at the forefront when developing our build-to-rent communities.”

For more information, visit www.beaconresidentialcommunities.com.