Wages have not kept pace with inflation for the past decade while rental costs keep climbing. The households caught in this gap earn too much to qualify for assistance and too little to keep pace with the market, leaving millions with no good option and no one building for them.
We create homes which will change what’s possible for those who need it the most.
Why this moment defines the next decade.
(Why We Build)
Affordable home supply has fallen to a decade low, just as demand peaks. Allegiant is building exactly where they’re needed.
THE WIDENING GAP
Millions of working Americans earn
a living but can’t afford a home.
8.29
M
affordable rental home shortfall nationally.
0
institutional-quality operators currently build for those that need it most.
105
M
Americans earn between $12.50 and $32.50 an hour.
7.5
M
low-cost rental homes under $1,000 a month have disappeared.
45
%
of moderate-income renters ($45K to $75K) pay more than they can afford.
22.6
M
renter households are cost-burdened, a record high
THE WIDENING GAP
Millions of working Americans earn a living but can’t afford a home.
Wages have not kept pace with inflation for the past decade while rental costs keep climbing. The households caught in this gap earn too much to qualify for assistance and too little to keep pace with the market, leaving millions with no good option and no one building for them.
8.29M
affordable rental home shortfall nationally.
0
institutional-quality operators currently build for those that need it most.
105M
Americans earn between $12.50 and $32.50 an hour.
7.5M
low-cost rental homes under $1,000 a month have disappeared.
45%
of moderate-income renters ($45K to $75K) pay more than they can afford.
22.6M
renter households are cost-burdened, a record high
OUR STRATEGIES
Allegiant was built and designed for every worker the market walked past.
Canvas Homesteads
Purpose-built gated rental communities for the $12.50 to $32.50 per hour workforce. Each Live Well Community offers 200 to 400 homes with all utilities in a single monthly payment, professionally managed, and built to permanent construction standards across seven Southeast states.
Artisan Flats
Garden-style apartment communities for renters earning 60% to 120% of area median income, developed without subsidies across seven Southeast states. Built for households who earn too much for assistance and too little for new Class A product, in markets where supply at this price point has effectively stopped.
Patina Flats
Well-located apartment communities built between 2000 and 2015, acquired at a discount to replacement cost and repositioned under institutional management. Allegiant targets assets underinvested operationally or physically, across the same seven markets where rent growth is supported by a supply collapse that shows no sign of reversing.
CANVAS HOMESTEADS
Purpose-built gated rental communities for the $12.50 to $32.50 per hour workforce. Each Live Well Community offers 200 to 400 homes with all utilities in a single monthly payment, professionally managed, and built to permanent construction standards across seven Southeast states.
ARTISAN FLATS
Garden-style apartment communities for renters earning 60% to 120% of area median income, developed without subsidies across seven Southeast states. Built for households who earn too much for assistance and too little for new Class A product, in markets where supply at this price point has effectively stopped.
PATINA FLATS
Well-located apartment communities built between 2000 and 2015, acquired at a discount to replacement cost and repositioned under institutional management. Allegiant targets assets underinvested operationally or physically, across the same seven markets where rent growth is supported by a supply collapse that shows no sign of reversing.
FLORIDA
GEORGIA
TENNESSE
TEXAS
SOUTH CAROLINA
NORTH CAROLINA
VIRGINIA
WHERE WE SERVE
We intentionally build and invest in the regions where people are moving.
Since 2020, the Southeast has gained 7.6 million residents, more than every other region of the country combined. Six of Allegiant’s seven target states are classified as expansion economies, with corporate relocations and growing payrolls drawing workers from higher-cost markets at a pace that shows no sign of slowing. Our communities are being built into this demand, across all seven states.
WHERE WE SERVE
We intentionally build and invest in the regions where people are moving.
Since 2020, the Southeast has gained 7.6 million residents, more than every other region of the country combined. Six of Allegiant’s seven target states are classified as expansion economies, with corporate relocations and growing payrolls drawing workers from higher-cost markets at a pace that shows no sign of slowing. Our communities are being built into this demand, across all seven states.
ABOUT US
Allegiant is led by people who
have spent sixty years in
exactly these markets.
Over their 30-year careers, Ray and James have built an impressive track record in multifamily real estate, transacting well over $15B in total volume—including $4B acquired since 2018 alone. They have owned, operated, and led the management of more than 110,000 conventional apartments and purpose-built student units, primarily concentrated across the Southeast, Mid-Atlantic, and Texas markets. Additionally, they have developed over $5B* in diverse asset types ranging from garden to mid-rise and high-rise communities.
$15
B+
transacted across 30-year careers.
110,000
apartment homes owned and managed
$5
B+*
in multifamily development
* Adjusted for inflation.
ABOUT US
Allegiant is led by people who have spent sixty years in exactly these markets.
Over their 30-year careers, Ray and James have built an impressive track record in multifamily real estate, transacting well over $15B in total volume—including $4B acquired since 2018 alone. They have owned, operated, and led the management of more than 110,000 conventional apartments and purpose-built student units, primarily concentrated across the Southeast, Mid-Atlantic, and Texas markets. Additionally, they have developed over $5B* in diverse asset types ranging from garden to mid-rise and high-rise communities.
$15B+
transacted across 30-year careers.
110,000
apartment homes owned and managed
$5B+*
in multifamily development
* Adjusted for inflation.
INSIGHTS
Stories and Insights from the Work We Do.
Workforce Housing Shortage Deepens Across the Southeast
Workforce Housing Shortage Deepens Across the Southeast
Read More
The Affordable Housing Gap Is Harder to Close
The Affordable Housing Gap Is Harder to Close
Read More
Sun Belt Supply Can’t Keep Up With Demand.
Sun Belt Supply Can’t Keep Up With Demand.
Read MoreMaking attainable housing ordinary takes the right partners.
Making attainable housing ordinary takes the right partners.