Similar to Haven's entrance into the Multi-Family sector, Haven's early focus in the Single Family Rental industry has also facilitated its foray into For Sale Residential Development.
Haven has identified supply/demand imbalances in several key markets in Southern California. In particular, the City of Los Angeles (Haven's home market), has pioneered a high density land use ordinance aimed at providing attainable housing in desirable neighborhoods. In response, several other cities including Costa Mesa and San Diego have adopted similar measures.
Haven believes this to be a strong investment opportunity as new product is delivered to market and is quickly absorbed by a previously unmet demand.