With the belief that single-family rental housing is an attractive core real estate holding for institutional investors, RESICAP is expanding its SFR strategy in a deal with real estate private equity firm Rockpoint Group.
In October 2020, RESICAP, a provider of single-family rental services, formed a joint venture with Rockpoint targeting the acquisition of $1 billion of single-family homes, which it has acquired or is under contract on over 2,000 properties to date.
Now, Rockpoint and RESICAP have committed to a series of follow-on joint ventures, collectively targeting an additional $2.5 billion of SFR acquisitions.
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