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Investors - JANUARY 6, 2022

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Heitman forms JV with Sylvan Road

by Andrea Zander

Heitman has formed a joint venture with Sylvan Road Capital to acquire and aggregate a portfolio of single-family rental assets diversified across U.S. markets. Heitman formed the joint venture on behalf of an affiliate of the firm.

The venture will seek to aggregate a portfolio of approximately 3,000 single-family homes with a gross capitalization of $640 million. The venture will target value-add assets in order to achieve stable returns over the long term as demand for more affordable housing continues to grow.

Heitman has deep investment experience in the living sectors, which include multifamily and rented-residential, senior housing, and student housing platforms. Heitman made its first investment in the single-family rental sector in 2018.

“We are pleased to announce our joint venture with Sylvan Road and partner to aggregate a portfolio of single-family rental assets. Sylvan Road’s end-to-end platform, ranging from acquisition and renovation to lease

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