Monroe Capital, on behalf of its investment funds, has acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix of debt and equity capital.
The $250 million is structured as a follow-on investment that is expected to be deployed across various opportunities in 2024. This is in addition to Monroe’s previous $250 million investment in April 2021, which has been fully deployed to acquire approximately 500 homes.
Second Avenue is a full-service institutional single-family rental platform. This transaction further demonstrates Second Avenue’s standing as a premier end-to-end single-family rental platform differentiated by its acquisition capabilities, end-to-end technology platform (Jiffy) and property management capabilities. Second Avenue ended 2023 with approximately $1.0 billion assets under management, having deployed approximat
