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Rockpoint Group Announces $250M Single-Family Rental JV
Boston-based global real estate investment management firm Rockpoint Group has announced the formation of a $250 million joint venture with Resicap, a leading owner and operator of single-family rental homes based in Atlanta.
Resicap’s real estate platform provides expertise in the acquisition, construction and property management of high-quality rental homes with operations in 34 states and 59 markets. Together, Rockpoint and Resicap plan to acquire, renovate and lease 4,500-5,000 single-family rental homes at price points affordable to residents of established suburban neighborhoods in the Southeast U.S., Florida and Texas.
“This joint venture is a natural extension of our 26-year history of providing high-quality rental housing in demand-driven markets throughout the United States,” said Bill Walton, co-founder at Rockpoint. “We are pleased to partner with Resicap, a leading owner and operator in the single-family rental space.”
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