Transcendent Investment Management and Electra America Form Joint Single-Family Rental Venture

Transcendent Electra will focus on acquiring and developing single-family rental units across the Sun Belt states.

By Mary Salmonsen

Transcendent Investment Management, a housing-focused private equity firm, has teamed up with multifamily-focused private equity firm Electra America to form a new joint venture, Transcendent Electra, focused on acquiring high-quality, newly built single-family rental homes in Sun Belt markets. The joint venture has established a fund for the acquisition of homes in suburban neighborhoods in Florida, Georgia, North Carolina, South Carolina, Tennessee, and Texas.

Jordan Kavana will serve as the CEO of Transcendent Electra. The venture plans to acquire and facilitate the development of over 15,000 new single-family homes over the next five years.