Accessory dwelling units and lot splits. Thesis Driven tracks ADU adoption where state law has liberalized it, operator business models and target yields, factory-built against site-built delivery, financing and appraisal challenges, ADUs as a value-add layer on existing single-family and multifamily assets, and the minimum lot size setback and subdivision rules that decide whether any of it pencils.
While challenges to single-family zoning draw attention, other reforms could have an even bigger impact. Real estate investors should be paying attention.
Recent regulatory changes have unlocked new opportunities in the single family market. How are the best operators implementing ADUs to maximize returns?
