Amherst Buys Single-Family Rental Portfolio for $103M

Photo by Amherst

AUSTIN, TEXAS—Last month Amherst Residential closed on the acquisition of 446 single-family rental homes for $103.3 million. The properties are located in 43 markets across 18 states, including Miami, Greensboro/Winston Salem, NC, Atlanta, Memphis and Phoenix.

The company, the residential real estate division of The Amherst Group, has been snapping up single-family rental assets at a rapid clip since October 2018. Since that time and including this transaction, it has acquired 2,400 single-family rental properties across several transactions valued at approximately $404.1 million. With these acquisitions, Amherst Residential has expanded its national footprint to cover 29 markets and entered new markets including Salt Lake City, Las Vegas, Seattle and Denver.