Luxury Housing for a New Generation of Renter
“Americans are over the idea of owning the American dream; increasingly, they’re OK with renting it.
Homeownership is on the decline, and home rentership is on the rise.”
– Daniel Gross, “Renting Prosperity,” The Wall Street Journal
Snowdon Residential is a developer of luxury, single family rental communities in the Sunbelt region. We confront the traditional views on renting apartments and single family homes by presenting consumers with an alternative option that offers the best of both worlds. By building homes featuring neighbourhood living, in desirable locations, with upscale features, no mortgage payment and professional management, we have revolutionized rental housing.
Our firm’s business is built upon innovation. We have redefined the dynamics of property development, which now serves as a template for communities across the US. This market-leading platform enhances operational efficiencies and maximizes the value of the investments’ underlying assets.
Today, across the country, housing options are being reshaped and economic and innovation cycles are shrinking. We see the transformation in the market as a promising opportunity to create a new asset class for a new kind of consumer.
The Sunbelt region is one of the country’s’ leading business and leisure hubs, and Snowdon embraces the opportunities in these rapidly-growing markets. Our goal is to be an awe-inspiring company that creates enormous value for our customers, partners and the economy.
Our communities of single-family home neighborhoods offer consumers the freedom and flexibility of a lease. You will find one and two-story homes with beautiful finishes, high-end appliances, spacious floorplans, and the amenities and services found in luxury apartment living, like live-work clubhouses, fitness centers and resort style pools.
Snowdon Residential introduces a new rental living lifestyle by offering the space and privacy of a new home without the commitment of a down payment or mortgage. Our properties provide hassle free living along with a professional management team taking care of yard maintenance, repairs and upkeep, freeing up time for what is important to you.
Our architectural styles balance well with the local neighbourhoods. Our homes are built with exceptional standards and cutting edge designs, including high ceilings, green features such as energy efficient appliances, smart home technology, and private outdoor space. Our homes feature functional and spacious floorplans designed for today's savvy consumer.
Our neighborhoods include resort style swimming pools, state-of-the-art fitness centers, club houses, greenbelts and an open space.
THE NEW AMERICAN DREAM
In the wake of the financial crisis that shook the housing market, people have changed their long held views of the American Dream. The Urban Institute believes that even after the housing crash and the Great Recession are a distant memory, homeownership rates in America will continue to decline and the savvy consumer will chose to rent rather than own.
The Institute projects that between 2010 and 2030 the majority of the 22 million new American households that form, will rent. Since the housing collapse, the homeownership rate has been falling and now sits at a lower level that it was in 1990.
This new kind of consumer wants more from the traditional housing market. They prefer to live close to job centers and be free of the burdens of home ownership. They want flexibility and freedom in their housing options along with the conveniences, privacy and the modern services they have come to enjoy.
Today’s housing market has been reshaped and a new and dynamic option has emerged. Snowdon Residential offers this new consumer a luxury housing choice that delivers freedom, flexibility and high end amenities along with the privacy one would get from living in a home.
We actively source joint venture development and investment projects throughout the Sunbelt. We look to partner with investors, land owners, banks and lenders. Our mission is offering consumers a smart choice of "Must Haves" when providing a housing option that suits today's demands.
Over the years, commercial real estate has been one of the strongest investments around. Now you can invest with a pioneering real estate company and directly access property investments in top US markets.
Satisfying the unmet housing needs and interests of consumer means starting with the perfect location. Snowdon targets sites in high growth markets located near activity centers and major economic drivers.
We would love to hear from you if you have land that meets our criteria.
* Minimum 10 acres net
* Visibility from a major roadway
* Adjacent to desirable retail and residential neighborhoods
* Close to entertainment centers and parks
* Close proximty to transportation
* High employment or job areas
50 YEARS OF
We have the know-how that you need
Snowdon is a pioneering real estate company that develops upscale, luxury rental neighborhoods, in appealing locations for savvy consumers who seek stability through flexibility.
Snowdon’s innovation in America’s housing market is led by a team of two principal owners that have over 50 years of collective experience in the development and investment fields. The company is comprised of a group of experienced real estate and investment professionals with specialized backgrounds in acquisitions, development, finance, marketing and project management. Together with our affiliates, Snowdon has successfully developed numerous residential projects, with future neighborhoods planned in Sunbelt markets.
Mr. Curtis is a founding Partner and Director of Snowdon Residential. Mr. Curtis has over 30 years of real estate investment and development experience in the United States. Mr. Curtis co-founded Calex homes, a residential home developer, and Curtis Land Holdings, a land acquisition company in 1993. Since its founding, Calex successfully completed the development and sale of over 40 separate home communities. In July of 2005, Calex sold 90% of its assets to Lennar Homes (NYSE:LEN). Mr. Curtis began his career in 1985 with Merrill Lynch Commercial Real Estate where he assisted investors, banks and the Resolution Trust Corporation, a government agency that administered federal savings and loan institutions that were insolvent with the analysis and disposition of non-performing real estate assets. He formerly sat on the Homebuilders Association Board and on the Boards of Calex Homes and Curtis Land Holdings.
Mr. Vucekovich is a founding Partner and Director of Snowdon Residential. Mr. Vucekovich has over 25 years of investment and real estate experience. As an active multifamily real estate investor and financier, he has an acute understanding of the residential financing industry from both the consumer and capital sides. Mr. Vucekovich was a principal at Octagon Capital Ltd., a distressed private equity firm headquartered in London. There he directed investment underwriting and supervised due diligence, including workout negotiations, the development of strategic business plans to reposition distressed and sub-performing investments. He was previously a Director of GeoSentric Oyj, a publicly traded Finnish telecom company from 2007 until 2011 where he was Chairman of the Audit and Finance Committee and Chairman of the Compensation Committee.