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JLL IPT Teams with Amherst on $500M Single-Family Rental Venture
JLL Income Property Trust (JLL IPT) has expanded its existing relationship with Amherst to acquire up to $500 million in single-family rental homes in a phased venture over the next two years.
Chicago-based JLL IPT will have 95% ownership in the venture, and Austin-based Amherst will have a 5% stake. The daily NAV REIT previously acquired a 47% interest in a 4,000-home portfolio in which Amherst is also a partner and the operator.
The initial closing of this expanded program includes approximately 360 recently acquired and fully renovated single-family rental homes diversified across 10 states and 16 geographically distinct markets, valued at approximately $120 million.
“Single-family rental homes are one of our highest conviction property sectors given numerous tailwinds that should provide resilient demand and the potential for attractive rent growth within this carefully selected portfolio,” said Allan Swaringen, president & CEO of JLL IPT.
- ◦Sale/Acquisition
- ◦Financing


