Rockpoint to Invest $300M in BTR through Joint Venture with Walton Global
Boston-based Rockpoint and Walton Global have formed a joint venture to support demand for single-family homes in the form of rental communities across the US. Rockpoint intends to invest up to $300 million in equity in Walton’s build-to-rent line of business that is expected to total up to $1 billion in real estate assets.
Rockpoint’s experience in the single-family rental market includes both build-to-rent communities and the acquisition of existing homes, focusing on high-quality, well-located housing in select growth markets throughout the US.
Walton’s BTR platform was launched in 2021 with the goal of offering new housing solutions in high demand home and rental markets. The joint venture is initially focusing on targets within Walton’s existing master plans and more than 81,000-acre land portfolio across the US.
Walton has an initial pipeline of approximately 3,500 units in expanding MSAs including Atlanta, Austin and Jacksonville that are targeted to be part of the JV.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.