Atlas Real Estate and DivcoWest teamed up on a $1 billion in Single-Family Rentals

Atlas Real Estate and DivcoWest to the growing list of industry players moving into the single-family rental market. The two firms have teamed up on a $1 billion platform to acquire single-family rental homes throughout the West. The venture will renovate and manage the properties and will target states across the region, including Arizona, Colorado, Idaho, Nevada, and Utah. 

both
Atlas Real Estate CEO Tony Julianelle (left) and DivcoWest CEO Stuart Shiff (Right)

Investment company DivcoWest, which primarily focuses on commercial properties, provided $250 million. Atlas CEO Tony Julianelle said, “The platform hopes to reach $1 billion over the next 18 to 24 months. and the firms are eyeing urban and suburban houses, with a plan to buy up existing homes from individual owners”. The effort may also use funds for build-to-rent construction“. Atlas which is Denver based company that provides property management and brokerage services, manages thousands of residential units across the West.

Single-family rentals have become increasingly popular during the pandemic as more than 50,000 rental homes have been built over the last year-a a big jump compared to the average over the last 40 years.

Leave a Comment

Your email address will not be published.

Matt Roloff Net Worth: How The ‘LPBW’ Stars Make Money Jeanna Harrison Net Worth: Biography, Age, Boyfriend, And More 2022 Thor: Love and Thunder Post Credits Scenes Count Confirmed 2022 General Hospital Spoilers 6/24/22: Everything Changes The Bold And The Beautiful Spoilers June 27 – July 4, 2022 How Much is Hailey Baldwin Net Worth in 2022? (UPDATED) How Much Is Katherine Jackson Net Worth In 2022? Ashley Tisdale Net Worth 2022: Bio, Age, Career And More Updates Tom Dwan Net Worth: How Rich is the Iconic Online Poker Player? 2022 Lomachenko Next Fight: Is He Still Boxing? LATEST INSIGHTS