One week after SVN | SFR Capital Management launched a commercial real estate investment firm focused on the build-for-rent rental home asset class, the company formed a joint venture with Walton Global Holdings USA to build and operate single-family residential rental home communities nationwide.
In late June, Walton announced that it was entering the build-for-rent (BFR) sector, leveraging its more than 81,000 acres of land throughout the US to create near-term opportunities for single-family home rental developments.
The SVN | SFR Capital Management and Walton partnership expects to begin BFR communities in Colorado and Texas. The developments will be constructed by a homebuilder selected by the venture partners. In addition, it expects to continue pursuing opportunities in key markets across the country.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
