Private Equity
The firms plan to purchase and renovate between 4,500 and 5,000 single-family rental homes across the Southeast. : Private equity firm Rockpoint Group and single-family rental owner and operator Resicap have entered into a $250 million joint venture to acquire single-family rental homes, the firms announced. The new partnership plans to acquire, renovate and lease between 4,500 and 5,000 single-family rental homes in markets across the Southeast, including in Florida and Texas. The new venture will expand Rockpoint’s footprint in the booming sector and include more varied price points and markets, according to the firm.