[BIRMINGHAM, AL, May 2022] - Sylvan Realty brokered the sale of a $13+ million, 75+ home single-family rental portfolio in metro Birmingham Alabama. The sale was between two premier institutional firms attracted to high-performing portfolios. John Bielefeldt of the Sylvan Road Portfolio Services Group (PSG) completed the sale.
Added Marc Halle (Chief Investment Officer of Sylvan Road) “We are thrilled to help transact and complete this institutional cash flowing portfolio.”
PORTFOLIO DETAILS:
- 75+homes, fully leased, 3/2 homes in growth submarkets.
- High yield portfolio with excellent cash flow
- Strong rent growth projections
- Sunbelt market with excellent home appreciation
- Institutional home quality and renovations.
- $173,000+ average price per door
ABOUT SYLVAN REALTY
Sylvan Realty provides top acquisition and disposition brokerage services for select institutional portfolios. Sylvan Realty is a fully licensed real estate brokerage firm, and a wholly owned subsidiary of Sylvan Road.
ABOUT SYLVAN ROAD
Sylvan Road is an investment firm focused exclusively on single family real estate. We are a technology-enabled, data centric, idea-driven firm that utilizes proprietary analytics on our platform. We were one of the earliest pioneers in the sector, and currently have over $2 billion[1] in assets under management.
Sylvan Road controls the end-to-end investment process through its subsidiaries in investment and asset management, general contracting and construction management, field services and property management. Sylvan Road manages capital for blue chip institutions, insurance companies, credit and real estate funds, asset managers and family offices.
To learn more about available portfolios and services, please visit SylvanRE.com or call Becca Stapp at (404) 522-4008 x 1324.
[1] As of April 1, 2022
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