Tampa MSA Build-to-Rent Development Site

Asset Overview

This 150-acre assemblage in Plant City presents a shovel-ready build-to-rent development opportunity in the Tampa MSA's I-4 corridor — one of Florida's highest-growth regions. The site carries R-1 single-family zoning with pre-approval for 550+ residential units.

Approximately 113 acres consist of developable uplands, with 37 acres of wetlands suitable for conservation areas, stormwater management, and community amenity integration such as trails, fishing ponds, and natural buffers.

Environmental Status

Ecological due diligence has been completed with a clear regulatory pathway established through the Southwest Florida Water Management District and Hillsborough County Environmental Protection Commission. Gopher tortoise surveys indicate relocation permits will be required prior to construction — a routine process in Central Florida development.

Wetland habitats have been identified and mapped. A formal wetland determination by SWFWMD would verify precise limits prior to development. Two mitigation banks service the watershed, providing readily available credits if wetland impacts are required.

Market Context

Plant City sits strategically between Tampa and Orlando along the I-4 corridor. The Tampa MSA added over 50,000 residents in 2024 alone, creating sustained housing demand that new supply has not matched. Tampa ranks among the top 10 U.S. markets for build-to-rent construction activity.

Tampa's BTR market has expanded 156% over the past five years with occupancy rates holding at 95%. Single-family rentals in the Tampa MSA command $2,400–$2,900 monthly for three-bedroom homes and $3,500–$3,900 for four-bedroom homes. Tampa has led the nation in single-family rental rent growth, with prices up 8.4% year-over-year.

Build-to-rent communities are thriving as they bridge the gap for families priced out of homeownership but seeking more space and privacy than traditional apartments provide.

Target Investor Profile

Pre-entitled land with approved density represents institutional-grade development opportunity aligned with the strategies of major BTR operators including KKR, Invesco, Invitation Homes, and similar platforms seeking scale in high-growth Sunbelt markets.

The site's location within city limits provides access to municipal water and sewer — a significant advantage over rural parcels requiring well and septic systems that limit density.

Investment Thesis

Ground-up development carries execution risk but offers return profiles unavailable in stabilized assets. The combination of favorable zoning, completed environmental work, strong market fundamentals, and institutional demand for BTR product creates a compelling land basis for development execution.

Tokenization enables capital formation for development-stage projects historically accessible only to institutional developers and merchant builders.