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Florida & Gulf Coast  + Gulf Coast  + Finance  | 
Second Avenue has announced a strategic joint venture and property management agreement with Sculptor Real Estate

Second Avenue Teams with Sculptor on JV and Property Mgmt.

Second Avenue, a full-service single-family rental platform, has announced a strategic joint venture and property management agreement with Sculptor Real Estate.

Sculptor will contribute approximately 500 SFR homes to the joint venture and commit up to $100 million of additional capital to grow the JVā€™s portfolio. Sculptor’s existing SFR portfolio covers eight of the 18 major markets where Second Avenue currently owns SFR homes.

Second Avenue has its national headquarters in Tampa, along with operational offices across the markets. JLL Capital Markets represented Second Avenue in this transaction.

“The Sculptor joint venture will enable Second Avenue to expand into an additional five markets by strategically deploying capital over the coming years,” said Second Avenue CEO and Founder Mike Rothman.

Since 2003, Sculptor has raised approximately $8.1 billion of committed real estate capital and has completed 195 transactions across 28 diverse real estate asset classes, including within the SFR segment. 


Inside The Story

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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