Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent (“BTR”) communities throughout the United States.“This partnership will allow us to continue working with U.S. homebuilders, who are becoming increasingly comfortable selling entire communities to operators like Haven to lease to residents who want to live in a home but can’t afford to buy or prefer to rent.”
The $415 million equity joint venture will provide long-term capital for Haven to continue to execute its business plan in the BTR space working with homebuilders.
Haven currently controls 35 communities across nine states in various phases of construction and stabilization representing approximately 3,500 homes and $1.2 billion in project value.
