Davidson Holding Company, which owns the rapidly growing home builder Davidson Homes, has announced the launch of EverGreen Living, a new division that will build single-family rental (SFR) communities across the Southeast. EverGreen Living plans to build 4,000 homes – between 800 and 1,000 annually – over the next five years in multiple markets including Middle Tennessee.
“EverGreen Living marks an exciting new phase in the expansion of our company,” said Adam Davidson, founder, president and CEO of Davidson Holding Company. “We are eager to serve the growing number of people who want to live in new, expertly built rental homes in neighborhoods where the quality of life is exceptional. The build-for-rental industry will see significant growth in the future as young families and Baby Boomers look for housing alternatives that offer the best of class A apartments and the amenities of living in single-family homes in resort-style communities."
EverGreen Living will initially build in markets where Davidson Homes already has a presence, including Middle Tennessee, the greater Huntsville area in Alabama, the Raleigh-Durham area in North Carolina and the Atlanta metropolitan area. Each SFR community will have 150-250 homes and feature amenities that include a private yard, hard-surface and tile floors, stainless steel appliances and access to a clubhouse, swimming pool and walking trails.
Rental prices will range between $1,200 and $2,000 per month. Home sizes will be around 800-1,000 square feet for a one-bedroom home; 1,000-1,200 square feet for a two-bedroom home, and 1,300-1,400 square feet for a three-bedroom home.
To lead the company’s new division, Davidson Holding Company has named Creighton Call as president of EverGreen Living. Call is an industry veteran with nearly 13 years of experience acquiring, capitalizing and developing large- and small-scale commercial and residential properties.
"Nashville and the surrounding towns present some of the highest quality opportunities for us across the EverGreen Living footprint,” said Call. “We have toured multiple sites in Murfreesboro, Smyrna, Spring Hill and Thompsons Station. We have multiple offers out for land that will support 150 to 250 cottages and anticipate starting construction within 12 months."