Private Equity Buying SFR

David Goldsmith

All Powerful Moderator
Staff member

Blackstone Bets $6 Billion on Buying and Renting Homes​

Deal for Home Partners of America, owner of over 17,000 houses in U.S., is latest sign Wall Street believes housing market will stay hot

Blackstone Group Inc. has agreed to buy a company that buys and rents single-family homes in a $6 billion deal, a sign Wall Street believes the U.S. housing market is going to stay hot.

The investment firm confirmed Tuesday that it has reached a deal to acquire Home Partners of America Inc., which owns more than 17,000 houses throughout the U.S. Home Partners buys homes, rents them out and offers its tenants the chance to eventually buy.

 

David Goldsmith

All Powerful Moderator
Staff member
KKR & Co. will invest real estate and private credit funds in the Miami-based platform My Community Homes, which will buy and manage rentals nationwide, Bloomberg reported.

The platform’s debut follows a flood of investment into the single-family housing market by firms looking to buy and flip or rent properties to a growing number of millennials looking for larger spaces without the mortgage payment.
 

David Goldsmith

All Powerful Moderator
Staff member

Big Landlord Launches $5 Billion House Hunt​

Tricon Residential plans to add 18,000 rental houses in pact with Texas pension fund, other investors​

One of America’s biggest landlords is teaming up with an insurance company, a global investment company and a Texas pension fund to buy $5 billion of U.S. houses to turn into rentals.

Tricon Residential Inc., a Toronto company that operates one of the largest pools of U.S. rental homes, said it has struck a home-buying pact with the Teacher Retirement System of Texas, Pacific Life Insurance Co. and one of the company’s existing foreign investors, which it declined to name.

The parties will together contribute up to $1.55 billion in cash, which will be combined with debt to give the venture purchasing power of about $5 billion. Tricon, which operates about 25,000 U.S. rental homes as well as several apartment complexes in the U.S. and Canada, said it expects to be able to buy about 18,000 houses through the new venture.
 
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