More investors continue to pour into the single-family rental home asset class amid insatiable demand for these properties and a stellar business model.
The latest are MORE Residential, a Texas-based owner and operator of residential rental properties and San Francisco-based investment firm Stockbridge Capital Group, which recently formed a programmatic joint venture to acquire single-family rental communities in high-growth US markets.
The joint venture will have more than $4 billion of initial gross purchasing power, with the potential to further scale over time. It targets newly built single-family rental communities that are purpose-built as rentals (or "build-to-rent" communities), including those that have been recently constructed, are currently under development, or are planned for development.
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