[ATLANTA, GEORGIA, QTR 1, 2022] - Sylvan Realty brokered the sale of a 400+ unit, $43M+ single-family rental home bulk portfolio. The homes were primarily value-add and clustered in the Jackson MS, Birmingham AL, Indianapolis IN, and Columbia SC markets. Michael Lipman, Director of Portfolio Acquisitions brokered the deal between both parties.
"We are excited to be able to acquire these homes for one of our institutional clients,” says Lipman. "This portfolio is strategically located in high growth Sunbelt markets and presents the team with the ability to capture significant upside through asset repositioning and rent growth."
PORTFOLIO DETAILS:
- Purchased from a private seller who owned and operated the portfolio
- Value add strategy, 3/2, 1400+ sq ft in fast growing markets and submarkets
- Largest bulk acquisitions to date for the Sylvan Realty Portfolio Services Group
- Reasonably priced rental options with strong investor returns
- Multi-markets offering excellent portfolio distribution
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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