Transcendent Investment Management Partners with eMindful to Further Health and Wellness Offerings in its Rental Communities prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
MIAMI, FL - Transcendent Electra, a new joint venture between single-family rental (SFR) platform Transcendent Investment Management (TIM), and longtime multifamily owner/operator Electra America, announces that it is adding 1,889 new single-family homes to its portfolio, with $496 million in contract process and closing and another $ 1 billion in the pipeline.
The properties are brand new single-family homes and townhomes, purchased directly from homebuilders, scattered throughout the following markets: Birmingham and Huntsville, Ala.; Florida; Savannah and Atlanta, Ga.; North Carolina and South Carolina; Nashville, Tenn.; and Dallas, Houston, San Antonio and Austin, Tex.
This marks Transcendent Electra’s first significant acquisition since launching in February.
Transcendent Investment Management, Electra America start fund to buy single-family homes to rent bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy.