EL SEGUNDO, CA – Privately-held real estate investment and operating company Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a $415 million equity joint-venture to acquire and develop more than $1 billion in new build-to-rent communities across the US.
The programmatic joint-venture will provide Haven with long-term capital to continue to execute its business plan in the BTR space.
The joint-venture will target communities with 50 to 200 homes, ranging from 1,500 square feet to 2,500 square feet. The partnership will primarily target communities with two-, three- and four-bedroom floorplans and two-car garages.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.