To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionVineBrook Homes acquires 951-home portfolio
VineBrook Homes Trust has acquired 951 single-family rental homes.
“We are excited to complete this transaction, which increases our scale and density in key markets and also facilitates expansion into new markets where we see compelling opportunity and value,” said Dana Sprong, co-founder and managing partner of VineBrook Homes. “Single-family rental assets continue to demonstrate strong fundamentals and the marketplace presents consolidation opportunities for well-capitalized and disciplined operators. Our structure and platform position us well to continue growing via single-property and portfolio transactions.”
The homes were purchased from a respected and unaffiliated third-party owner and operator focused on the workforce segment of single-family rental homes.
The portfolio expands VineBrook’s existing footprint in Cincinnati; Columbus, Ohio; Indianapolis; Kansas City, Mo.; Memphis, Tenn.; and St. Louis; while simultaneously launching expansion i
