EL SEGUNDO, CA – Privately-held real estate investment and operating company Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a $415 million equity joint-venture to acquire and develop more than $1 billion in new build-to-rent communities across the US.

The programmatic joint-venture will provide Haven with long-term capital to continue to execute its business plan in the BTR space.

The joint-venture will target communities with 50 to 200 homes, ranging from 1,500 square feet to 2,500 square feet. The partnership will primarily target communities with two-, three- and four-bedroom floorplans and two-car garages.

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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.