Transcendent Electra nears $1.35b in assets

Transcendent Electra, a joint venture between single-family rental (SFR) platform Transcendent Investment Management (TIM), and longtime multifamily owner/operator Electra America, announced the combination of acquisitions and current pipeline is nearing $1.35 billion.

Launched in February 2021, the joint venture earlier this year announced the acquisition of 1,889 new single-family homes and townhouses purchased directly from homebuilders throughout Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Texas.

The current pipeline is worth more than $850 million, bringing the total between acquisitions and pipeline to almost $1.35 billion and more than 5,100 units throughout the same states as the initial acquisition.

Single-family rentals continue to outperform other asset types across many metro markets. The combined expertise of the joint-venture partners will continue to allow Transcendent Electra to leverage long-standing relationships w