New Financing Facility Bolsters Waypoint’s Push into Single-Family Rentals

Oct 9, 2012 11:23 AM, Staff Reports

Waypoint Real Estate Group, which has acquired 2,000 single-family homes since early 2009, has received a $245 million revolving credit facility that will support the continued expansion of a growing portfolio of single family rental homes.

Waypoint is part of a broader trend of large investors attempting to buy up houses in bulk in hopes of institutionalizing the single-family rental market.

The new facility was lined up by members of SNR Denton’s capital markets practice along with Citi.

The facility is for Waypoint’s partnership with Menlo Park, Calif.-based GI Partners. The two entities signed a deal…[Full Article]

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