ATLANTA—New York City-based Premium PointInvestments reports it has acquired a majority interest inResidential Capital Management, which isheadquartered here.

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Premium Point is an alternative asset management firm focused onresidential mortgage assets. RCM is an operator of single-familyresidential homes in the southeast region of the US. The firmprovides a combination of investment management services, includingacquisitions, construction, property management, propertypreservation, leasing, title and disposition services. No terms ofthe transaction were disclosed. Citi advisedPremium Point on the transaction.

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Premium Point officials say the partnership represents anopportunity to add to its investment platform across theresidential markets in a proven institutional asset class. The firmis a $1.7-billion institutional asset manager that engages inrelative value trading and fundamental credit investing in theresidential mortgage markets. Premium Point operates an establishedmortgage platform from real estate acquisition and propertymanagement to loan underwriting and sourcing to bondsecuritization, issuance, trading.

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"We see great synergies between our businesses, and significantopportunities in the single-family rental market," saysAnilesh Ahuja, chief executive officer and chiefinvestment officer of Premium Point. "In RCM, we have a partnerthat is a best-in-class operator with a proven track record ofinvesting for large institutional clients."

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Lance Popp, president of Residential CapitalManagement, says the investment deal will expands his firm'scapabilities. "This partnership with Premium Point provides us withcapital markets expertise and access to its residential platform.With Premium Point as our partner, we now have the necessaryresources to develop and expand nationally beyond the SoutheastUS,” she says.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.