Rockpoint Group has formed an exclusive $250 million joint venture with Resicap, a leading owner and operator of single-family rental homes based in Atlanta.
Resicap’s fully integrated real estate platform provides expertise in the acquisition, construction and property management of high-quality rental homes, with operations in 34 states and 59 markets. Together, Rockpoint and Resicap expect to acquire, renovate and lease 4,500 to 5,000 high-quality single-family rental homes at price points affordable to residents of established suburban neighborhoods in the Southeast United States, Florida and Texas.
The Resicap venture will expand Rockpoint’s footprint in the single-family rental sector to include a more diversified offering of price points and markets, complementary with Rockpoint’s recently announced $375 million joint venture with Dallas-based Invitation Homes. With the Resicap venture, Rockpoint expects to become a leading investor in the single-family
