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]