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Magnolia Capital and Principal Real Estate, Beason Ridge Announce SFR Ventures

Updated: Jun 11, 2022

By Paul Bergeron

March 18, 2022 at 06:50 AM

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Magnolia/Principal will seek to acquire 1,000+ SFR homes per year; Beacon to recapitalize its portfolio.

Single-family rental investment capital continues to flow into the space, as illustrated by two deals announced this week.

Magnolia Capital and Principal Real Estate Investors have formed a joint venture to acquire, renovate and operate single-family rental homes throughout the United States.

Magnolia Capital’s single-family brand vertical, National Home Rentals (NHR), will pursue homes on behalf of the JV with the goal of acquiring 1,000+ homes per year.

NHR has acquired over 1,200 homes in seven states since 2017.

Magnolia Capital was advised by Eastdil Secured for capital placement services.

Beacon Ridge Closes New Partnership

In a separate transaction, Beacon Ridge Capital Management (BRCM) a real estate investment management and advisory firm specializing in SFR investments, announced the closing of a new investment partnership with a global institutional investor.

The partnership will initially recapitalize an existing portfolio of homes owned or controlled by BRCM and will have the capacity to acquire and develop more than $700 million of SFR in high-growth markets across the US.

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