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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.