Commercial firms ink build-for-rent and single-family rental joint venture deal

“With the residential rental home sector experiencing unprecedented national investor and consumer demand, we believe now is the time to invest in SFR and BFR portfolios,” said Jeff Cline, CEO of SVN | SFR Capital Management. “Marketplace Homes’ depth in marketing, lease-up, maintenance and, importantly, resident care, will deliver unmatched daily operations and instill the sense of community we strive for so rental residents stay happy and enjoy the community they live in longer.”

“The combined deal flow, large national footprint and local operating capabilities between SVN | SFR and Marketplace Homes create a JV that is scaling quickly and efficiently,” said Marketplace Homes president William Dickson. “There’s a lot of competition in SFR and BFR right now, but this is a partnership that will stand out for its unique acquisition pipeline, professional property management and vertical integration.”

In addition to Curbside Residential, SVN | SFR has also formed other joint ventures with several homebuilders and land developers for the new construction of BFR housing over the next several years. According to the firm, development of the first purpose-built residential communities will start in 2023 in Texas and several other states.