Trending...
- 'Nightmare' Star Mckenna Bridger Talks Psychological Thriller, Two-Part Shoot And Taking On Violet Adams - 105
- Long Beach: City Recaps Preparedness and Response Efforts on Peninsula Following Hurricane Marie Impacts - 104
- Sky Quarry Enters a Powerful New Chapter: Refinery Restart Emminent, Nevada Oil Initiative and Visibility Put (NAS DAQ: SKYQ) in the Spotlight - 103
EL SEGUNDO, Calif. - Californer -- Haven Realty Capital in partnership with an affiliate of Walton Street Capital, L.L.C. has closed the first phase of a $133.7 million acquisition of six Dedicated Rental Communities (DRC) in the greater Atlanta, GA metro from builder/developer, ResiBuilt Homes.
The portfolio will include 537 newly constructed single-family rental (SFR) homes spread across six dedicated rental communities in three counties:
· Bella View, located in Snellville
· The Reserve, located in Dallas
· Macland Phase 2, located in Dallas
· Trickum Hills, located in Lawrenceville
· Moss Pointe, located in Canton
· Magnolia Trace, located in Holly Springs
The initial phase of homes was 100% leased upon closing. The remaining homes will be acquired over the coming months following issuance of certificate of occupancy.
The SFR homes across the portfolio average 2,200 square feet and consist of three-, four- and five-bedroom floorplans, large yards and two-car garages. Each home will feature stainless steel appliances, granite countertops, subway-tile backsplash, hardwood style flooring and security systems.
More on The Californer
"Late-stage Millennial family formation, decreasing interest in traditional home ownership, Baby-boomers looking for maintenance-free single-family home living and increased telecommuting -- trends that pre-dated the onset of COVID-19 -- have resulted in a surge of renter demand for single family housing," said Haven Realty Capital Managing Principal Sudha Reddy.
"We've seen renter demand increase for larger living spaces in less dense suburban neighborhoods as families grow in size," said Reddy, whose firm operates a portfolio of approximately 3,600 SFR and traditional multifamily units throughout the U.S. "The average apartment unit has gotten smaller over the past decade and there has been less emphasis on units with three or more bedrooms. Single family rental homes also provide a flexible option for individuals who want to transition out of homeownership but remain in the suburban environment."
Unlike the majority of SFR in the United States which are individual homes on scattered (disaggregated) lots, purpose-built DRC's are entire communities that operate similar to a multifamily building in a single-family home subdivision setting.
More on The Californer
"The first 113 homes in the Atlanta portfolio represent Haven's first closing in what is an approximately $200 million pipeline of purpose-built DRC's throughout the Southeast. We are expected to close an additional 700 SFR and townhomes within the next 18 months. As we continue to add projects to the pipeline, we anticipate doubling the volume of deals under contract over the next 12 months," added Haven Realty Capital (http://www.havenrc.com) Principal Chris Turitto, who heads the firm's acquisition efforts.
The portfolio will include 537 newly constructed single-family rental (SFR) homes spread across six dedicated rental communities in three counties:
· Bella View, located in Snellville
· The Reserve, located in Dallas
· Macland Phase 2, located in Dallas
· Trickum Hills, located in Lawrenceville
· Moss Pointe, located in Canton
· Magnolia Trace, located in Holly Springs
The initial phase of homes was 100% leased upon closing. The remaining homes will be acquired over the coming months following issuance of certificate of occupancy.
The SFR homes across the portfolio average 2,200 square feet and consist of three-, four- and five-bedroom floorplans, large yards and two-car garages. Each home will feature stainless steel appliances, granite countertops, subway-tile backsplash, hardwood style flooring and security systems.
More on The Californer
- Lee Gunn IV Shares Lessons From 40 Years in the Courtroom on PodNumbra Podcast
- Michael H. Kaplan Recognized for 17 Years on PHPA Workers' Compensation Panel and Advocacy for Professional Athletes
- Chili Crisp Goes Premium: Gustus Vitae Debuts 5 All-Natural Seasonings, Handmade in California
- Registration Closes October 18 for YMCA Adventure Guides in Simi Valley, Conejo Valley
- International Society of Medical AI Convenes Global Faculty in Florence for ISMAI 2026
"Late-stage Millennial family formation, decreasing interest in traditional home ownership, Baby-boomers looking for maintenance-free single-family home living and increased telecommuting -- trends that pre-dated the onset of COVID-19 -- have resulted in a surge of renter demand for single family housing," said Haven Realty Capital Managing Principal Sudha Reddy.
"We've seen renter demand increase for larger living spaces in less dense suburban neighborhoods as families grow in size," said Reddy, whose firm operates a portfolio of approximately 3,600 SFR and traditional multifamily units throughout the U.S. "The average apartment unit has gotten smaller over the past decade and there has been less emphasis on units with three or more bedrooms. Single family rental homes also provide a flexible option for individuals who want to transition out of homeownership but remain in the suburban environment."
Unlike the majority of SFR in the United States which are individual homes on scattered (disaggregated) lots, purpose-built DRC's are entire communities that operate similar to a multifamily building in a single-family home subdivision setting.
More on The Californer
- California honored for nation-leading efficiency and data-driven improvements in state services and programs
- Boston Industrial Solutions Introduces Personalized Printing Training
- Mariachi México Lindo Releases Debut Album "Soy de Mexico"
- Century Fasteners de Mexico Exhibiting at the 2026 Automotive & Aerospace Nearshoring Summit
- California: Governor Newsom signs wildfire recovery package to strengthen protections and focus on rebuilding for survivors
"The first 113 homes in the Atlanta portfolio represent Haven's first closing in what is an approximately $200 million pipeline of purpose-built DRC's throughout the Southeast. We are expected to close an additional 700 SFR and townhomes within the next 18 months. As we continue to add projects to the pipeline, we anticipate doubling the volume of deals under contract over the next 12 months," added Haven Realty Capital (http://www.havenrc.com) Principal Chris Turitto, who heads the firm's acquisition efforts.
Source: Haven Realty Capital
Filed Under: Real Estate
0 Comments
Latest on The Californer
- Foster Hope Family Launches Foster Toolkit to Equip Foster and Adoptive Parents Nationwide
- Foster Hope Family Equips Churches to Care for 330,000 Children in U.S. Foster Care
- Hollywood International Screen Awards 2026
- The Social Capital Revolution Comes to Phoenix!
- Lawsuit Alleges American Deli Food Caused Severe Illness, Acute Kidney Failure, And Eight-day Hospitalization
- Rebuild Your Laugh Highlights Kings Crown Men Empowerment Program
- TCVN Survivor™ 14 Startup Pitch Competition at TiE Investor Summit Final Countdown
- FBI/DoW plot uncovered to hurt Trump/Vance through encouraged "widespread" cybersecurity breaches and racketeering theft of $80m in USDA payments
- Wiseup N Shine Mobile Detailing To Celebrate Grand Opening, Bringing Luxury Auto Care, Entertainment
- Bettingbladet releases H1 2026 report on the Swedish online gambling market
- Garage door installation or repair in Minnesota? Which makes more sense for your family?
- Ready is how California leads, and every Californian has a role to play
- Stockdale Capital Partners and Hamilton Lane Acquire So Cal Shopping Center for $157 Mil
- New Video Guide Reveals How Seniors Can Explore San Francisco on a Budget With Discounts & Fre
- Super Rooter Expands to 190 Plumbing, Sewer, and Drain Service Locations Across the United States
- European Patent for ALS Program Expands the Story: HOPE Deploys Robotic TMS & FDA Commercialization Path Advances: NRx Pharmaceuticals: NAS DAQ: NRXP
- VICTURY Sports Announces Formation of Youth Sports League Built on the Official, Patented, and Award-Winning Keepy Uppy® Ball
- TitleChain Foundation Publishes Model Legislation Guaranteeing Free Public Access to Open-Weight AI
- Connect Names Austin Robertson Marketing & Events Coordinator
- Countrywide Rental Delivers Efficient Waste Management Solutions to Burnwell, Alabama Job Sites
