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Magnolia Capital Forms Single Family Home Joint Venture With Principal Real Estate Investors

Magnolia Capital Forms Single Family Home Joint Venture With Principal Real Estate Investors

Seeking to leverage its single family home platform, Magnolia Capital has formed a new joint venture with Principal Real Estate Investors to acquire, renovate and operate single-family rental homes throughout the United States. 

Magnolia Capital’s single-family brand, National Home Rentals, NHR, will pursue homes on behalf of the joint venture with the goal of acquiring 1,000+ homes per year, building a diversified, national portfolio in target markets that have strong underlying supply and demand characteristics.

“Our vision for the single-family rental sector is consistent with our approach in multifamily—to embrace a data-driven, customer first approach that allows us to create a differentiated product for our residents and compelling results for our investors. We are thrilled to partner with Principal Real Estate Investors, a thoughtful investor that shares our conviction for this unique investment opportunity within the asset class,” said Max Peek, Founder, CEO & Managing Principal at Magnolia Capital.

NHR’s proprietary single-family technology platform streamlines the acquisitions process while providing a dedicated all-in-one property management software solution.

“We are eager to leverage our longstanding single-family rental operating expertise and innovative proprietary technology on behalf of the partnership with the exceptional team at Principal,” said Dan Bednyak, President & Principal at National Home Rentals, and Managing Director of SFR at Magnolia Capital.

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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