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Transcendent Electra announces $1.25b in new build-to-rent homes
Real Estate - JANUARY 12, 2022

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Transcendent Electra announces $1.25b in new build-to-rent homes

by Andrea Zander

Transcendent Electra, a joint venture between single-family rental (SFR) platform Transcendent Investment Management (TIM) and multifamily owner/operator Electra America, one of the top 50 largest apartment owners on the National Multifamily Housing Council list, announced that it will be adding almost 3,500 new single-family and townhomes to its portfolio through transactions topping $1.25 billion.

The acquisition is being realized from an undisclosed corporate seller. The initial phase features 1,424 new single-family and townhomes through transactions topping $504 million. The new construction communities will consist of single-family homes and townhomes located in Tampa, Fla.; Atlanta and Athens, Ga.; and Pinehurst, N.C.

Another 2,000-plus units totaling $750 million will immediately follow in Georgia, South Carolina, Florida and Texas. The entire portfolio is expected to be delivered by the end of 2022.

In 2021, Transcendent Electra announced it was under

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