Advenir and Oakley Group form single-family partnership

Advenir—a Miami-based vertically integrated investor, developer and operator of multifamily assets—has joined forces with Oakley Group—a Birmingham-based investor and developer of multifamily properties—to develop, acquire, and operate a portfolio of single-family rental (SFR)/built-for-rent (BFR) properties.

Formed in October of 2020, Advenir Oakley Capital has the stated purpose of accumulating a portfolio of 8,000 BFR units in markets that demonstrate outsized demand stemming from strong job creation, positive in-migration, low taxation, an expensive housing market and local desirability.

Significant home foreclosures due to the financial crisis of 2007/2008 resulted in the emergence of a new sector: single-family homes for rent (SFR). Financial investors found significant success acquiring, renovating and renting homes that went through foreclosure and learned that there was healthy demand for the asset class. As a result, developers began to explore the op