Allen says developers benefit from Stay Alfred's multi-unit master leases in a number of ways.
DALLAS—Stay Alfred offers property developers and owners what it has coined a “master lease” model for short-term rentals, including individual leases, partial building leases, full building leases and national partnerships with developers. Essentially, the developer is able to instantly off-load vacant units and Stay Alfred can market them as short-term rentals that provide an authentic living experience in urban downtowns.
This flexible accommodations firm offers upscale travel residences in 30 downtown neighborhoods (including Dallas, Houston, Seattle and Austin) with more than 1.5 million square feet under management. It has partnered with numerous US developers, owners and multifamily property managers. In this exclusive, Jordan Allen, CEO of Stay Alfred, recently shared insights about the concept, the master lease model and its partners.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
