Earlier this year Haven Realty Capital achieved a significant milestone when its single-family rental portfolio has surpasses $1 billion in value. The firm owns 34 communities on nine states totaling 3,480 homes.
"As a result of the blended experience, we had a high level of conviction that creating Dedicated Rental Communities in a single location could bring much needed rental housing to residents as well as provide a certain comfort level to investors looking at entering the SFR market," Sudha Reddy, managing principal at Haven Realty Capital, tells GlobeSt.com.
Reddy says that the firm has been able to quickly scale its portfolio due to deep experience in the sector. It has been investing in the SFR space since its inception in 2010. "Haven's experience in SFR, multifamily and homebuilding allowed us to recognize the need for high quality, larger floor plan rental homes earlier than most operators," he says. "Haven's experience acquiring, renovating, leasing, and managing large portfolios of scattered site homes allowed us to better understand the SFR renter profile and the increased length of tenancy that accompanies SFR."
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