CALABASAS, CA – Single-family home rental provider American Homes 4 Rent and global alternative investment firm Värde Partners have entered into a $500 million land banking facility agreement to acquire and develop new land opportunities.
The facility provides $500 million in initial capacity as part of American Homes 4 Rent's internal development platform.
The two companies have already closed their first six land transactions into the facility. The first six transactions total more than $150 million in acquisition and development costs. Due diligence is currently underway on additional sites.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
