Founder & Managing Partner | Material Capital Partners | Build-for-rent single family home development communities throughout the Southeast.
We see similar interest in the BFR sector in addition to the scattered site/SFR as these larger players look for well located and institutionally managed properties they can acquire at scale. 2H 2025 and 2026 should be a competitive supply/demand situation for sponsors who can deliver product.
Single-Family Rental: AMH (American Homes 4 Rent) - the second-largest SFR REIT with ownership in roughly 60,000 homes - gained 0.3% today after Bloomberg reported that AMH is in advanced talks to purchase a portfolio of 1,700 rental homes from Man Group. The homes are located in Florida, Texas, and Nevada, among other states, with average market rents of roughly $2,100. The London-based private equity firm had partnered with prop tech firm and brokerage firm Roofstock a portfolio dubbed “Project Monarch.” Man Group has invested in SFRs since 2012 through several equity and debt investments, focusing primarily on build-to-rent ("BTR") communities through several recent joint ventures with Bouwinvest and Patrizia. Man notes that it has managed the acquisition and/or development of more than 5,200 homes/lots in 18 markets, including 13 purpose-built rental communities. The potential deal would be among the largest in recent years, as both SFR REITs have scaled back their traditional acquisition pacing, focusing instead on BTR through a combination of internal pipelines and homebuilder partnerships. REIT Academy & The Executive REIT Masterclass | The Daily REIT Beat Newsletter | Brad Thomas | #REITs #Dividends #Investing #Income #Yield #RealEstate #Housing #Stocks #Bonds #HighYield #DividendInvesting #IncomeInvesting #Diversification #Inflation #realassets #investment