Resmark launches $220m fund for homebuilder model-home sale-leaseback platform
The Resmark Cos. has announced the launch of the Resmark Model Home Sale-Leaseback Venture to serve the needs of U.S. homebuilders. The venture has commenced operations with $220 million of equity commitments from investors that include both domestic and international clients advised by The Townsend Group, an innovative firm that targets niche investment strategies and seeks to structure platforms with industry-leading operators.
With the new program, Resmark will purchase completed model homes from leading U.S. homebuilders in quality residential developments nationwide under a sale-leaseback contract, offering homebuilders a capital management tool and providing them with liquidity. An experienced Resmark management team led by Ziv Cohen, CIO of The Resmark Cos., will oversee the strategy.
“Model homes are a mission-critical asset for major homebuilders selling production homes, but they tie up capital for substantial lengths of time,” said Cohen. “With our pro