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New community being built in Durham Farms

April 9, 2021

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360 Communities, an affiliate of Freehold Communities and a provider of high-quality new homes for lease, has begun construction on a project in Hendersonville.

The company is building townhomes and paired single-family homes in Durham Farms with the first move-ins expected this summer. Durham Farms features tree-lined streets with a full range of amenities including a clubhouse, resort style-pool, fitness facility, pet park and miles of trails.

“As demand swells nationally for new single-family homes for rent, 360 Communities quickly established itself with a unique focus on seamlessly blending quality leased homes into thriving neighborhoods with desirable amenities,” says Casey Tischer, co-founder of Freehold Communities, one of the nations’ most forward-looking real-estate developers. “We believe in developing vibrant communities that appeal to a range of residents at all stages of life and the response to our new and upcoming product offerings demonstrates the success of that approach.”

360 Communities plans to announce additional communities soon, reflecting the rapidly growing consumer demand to lease new homes rather than purchase. The national trend toward leasing of new single-family homes and townhomes has been driven by increased mobility, rapid career changes, and a strong preference for low-maintenance lifestyles in communities with coveted amenities and a strong sense of neighborliness. The number of households earning six-figure incomes who chose to lease their home has increased nearly 60% since 2006 – to about one in five.

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