GTIS Partners has sold a 1,081 single family home rental portfolio to an undisclosed buyer for approximately $300 million. The homes are located across Atlanta and Nashville.
With the sale, GTIS has now completed the disposition of substantially all the homes it acquired in the wake of the housing crisis. Over the last three and a half years, GTIS has sold 2,630 additional homes to institutional buyers for approximately $400 million and another 376 homes have been sold or are in the process of being sold through retail channels.
GTIS first entered the SFR space in 2012. Home values were depressed, presenting the opportunity to acquire homes at attractive prices, either in foreclosure or through REO acquisitions to be rented until the housing market’s eventual recovery. Since 2012, GTIS has owned and/or managed more than 4,700 SFR homes scattered across nine markets. As the recovery progressed and market conditions evolved, GTIS gradually exited its investments in s
