Transcendent Electra, a new joint venture between single-family rental (SFR) platform Transcendent Investment Management (TIM), and longtime multifamily owner/operator Electra America, has announced that it is adding 1,889 new single-family homes to its portfolio, with $496 million in contract process and closing and another $ 1 billion in the pipeline.
The properties are brand new single-family homes and townhomes, purchased directly from homebuilders, scattered throughout the following markets: Birmingham and Huntsville, Ala.; Florida; Atlanta and Savannah, Ga.; North Carolina and South Carolina; Nashville, Tenn.; and Dallas, Houston, San Antonio and Austin, Texas.
This marks Transcendent Electra’s first significant acquisition since launching in February.
“Single-family rentals continue to outperform other asset types across many metro markets,” said Jordan Kavana, CEO of Transcendent Electra. “Our longstanding relationships with some of the nation
