Appreciation Homes has assembled a 13-asset portfolio of build to rent homes that are located in the suburbs of Oklahoma City and wrapped that portfolio in a structure that it says is the first single family residential net lease deal to come to market.  

The properties are being offered for sale with a 15-year, bond-net lease in place with Appreciation Homes as the single tenant. The structure gives the investor a fee simple ownership in the properties, which Appreciation Homes sublets to occupants. 

Avison Young is marketing the offering. 

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Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.