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SVN | SFR Capital Expands Into BFR Market

Jul 21, 2021

The company will target opportunistic investment portfolios to aggregate 35,000 newly-constructed BFR homes

SVN | SFR Capital Management is launching a commercial real estate investment firm focused on the build-for-rent rental home asset class.

SVN | SFR Capital Management will target opportunistic investment portfolios to aggregate 35,000 newly-constructed BFR homes in the Southeast, Sunbelt, Central and Midwest states. Atlanta, Charlotte, Phoenix, Denver, Nashville, Jacksonville and Tampa are a few of the metros it will focus on.

“We’ve targeted top performing markets for investment in affordable rental housing and will complete our plan to provide consumers with access to better housing solutions,” said Jeff Cline, CEO of SVN | SFR Capital Management, in a prepared statement.

Cline, who has more than 45 years of CRE experience and leadership, said the company’s relationships with homebuilders and its investment in people, technology and operating and asset management processes would set it apart.

SVN | SFR is one of many firms to expand in the growing SFR space this year. Earlier this week, Bloomberg reported that KKR & Co. is launching a single-family management company, My Community Homes, to purchase and manage rental homes across the US.

The burgeoning BFR market is attracting other companies. GTIS carved out a niche in the single-family rental investing space. But now, the firm is shifting its focus to the BFR space, developing large-scale purpose-built single-family and townhome rental communities. To that end, it is beefing up its talent bench.

GTIS hired head of Development Gary Davis, new senior director of Acquisitions and Development Bill Mumford and new vice president of Development Kurt Rouse to execute the new strategy. They join director of Acquisitions and Development Teddy Karatz and director of Asset Management Scott Bordogna within the firm’s single-family, build-for-rent platform.

Walton Global Holdings has also entered the BFR sector, leveraging its more than 81,000 acres of land throughout the US to create near-term opportunities for single-family home rental developments.

With $3.4 billion of assets under management under its belt, Walton is one of the largest pure-play residential landowners in North America.

Walton said it has identified 17 near-term opportunities and is in advanced negotiations with a select group of nationally recognized builders and developers to construct build-to-rent communities with approximately 2,500 units throughout the country. Walton plans to build additional projects within its network of more than 180 master-planned communities and through new land acquisitions.

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