Highland Capital plans to acquire $300m single-family rental home portfolio

Highland Capital Management is under contract to buy a portfolio of single-family rental homes from Magnetar Capital for more than $300 million, according to Bloomberg, citing people with knowledge of the deal.

Highland is acquiring the homes through its affiliate NexPoint Real Estate Advisors. Highland intends to commit additional capital to further expand its rental-home portfolio beyond the acquisition. The portfolio is currently managed by VineBrook Partners.