Värde Partners has provided more than $250 million of capital to purchase and fund the development of single-family residential projects across three transactions in the United States.
“The U.S. housing market represents a significant investment opportunity for Värde, with compelling supply/demand dynamics driven by low interest rates, demographic trends and secular shifts accelerated by COVID-19,” said Brian Schmidt, partner at Värde. “These deals demonstrate the speed, scale and flexibility with which our platform can invest across the capital structure to provide appropriate financing solutions while traditional lenders continue to retrench.”
The transactions include:
A $100 million land bank facility with Dream Finders Homes (DFH), a leading homebuilder based in Jacksonville, Fla. The capital will be used to acquire land in Florida and Colorado, with a focus on Jacksonville, Orlando and Denver, to be developed into residential lots by DFH.
