RCLCO Fund Advisors (RFA) has formed a new joint venture on behalf of a Top 50 domestic pension fund. The new programmatic relationship, which will focus on investments in purpose-built single-family rental (SFR) communities across select U.S. markets, has made an initial investment via the closing of an 82-home single-family detached residential community targeting core-plus returns.
The joint venture reflects continued institutional interest in housing strategies supported by favorable long-term demographic trends, constrained affordability in the for-sale market, and sustained renter demand for professionally managed single-family living environments. The strategy is expected to target purpose-built communities designed specifically for rental occupancy, with an emphasis on locations demonstrating durable population growth, employment expansion and strong housing fundamentals. Specifically, the venture is seeking opportunities with 50 to 250 homes within 30 minutes of a ma
