Waterton Partners With Second Avenue to Execute Single-Family Rental Strategy

The partnership aims to acquire existing homes as well as develop individual homes and build-to-rent communities in targeted U.S. cities.

By Symone Strong

Waterton, a national real estate investor and operator, announced it will expand its strategy by investing in single-family rental (SFR) homes across Southeastern and Southwestern U.S. markets.

The firm will partner with Second Avenue Group, an established operator with an asset management platform, to strategically deploy capital into single-family rental assets through acquisitions and development.

“We have spent the majority of the past 25 years building a portfolio of multifamily assets by identifying needs and maximizing efficiencies in the value-add space,” says David Schwartz, CEO and chairman at Waterton. “As demand continues to outstrip supply of rental housing in certain markets, we identified an emerging need for single-family rental housing that suits the preferences of a shifting demographic and a need for responsible stakeholders to fill a void left by absentee landlords.”