With the first one delivered, developer TWO Capital Partners and property management firm RAM Partners have joined forces to launch a Built-to-Rent team. The partnership says its offering is 30% lower than owning a home with current mortgage rates, coupled with the added advantage of a zero-maintenance lifestyle.

They hope to deliver more than a dozen Build-to-Rent single-family communities across the Southeastern United States over the next two years, totaling over 2,300 homes. “TWO Capital Partners has strategically acquired development sites close to major thoroughfares, providing convenient access to interstates and key employment centers for our Tessa single-family rental communities,” said TWO Capital Partners Ralph B. Wilson III.

The first community, Tessa Barrow Crossing, has welcomed its first residents. Located at 116 Dolcetto Drive in Winder, Ga., Tessa Barrow Crossing is a 235-unit townhome community with concierge services, a pet park & dog spa, a pool, co-working space, a state-of-the-art fitness center and ample greenspace with outdoor gathering places.