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Benzinga

Business

Shivani Kumaresan

Partners Group To Acquire US Rental Homes For $1B: Bloomberg

Partners Group Fortress Investment Group Alabama Amarillo Atlanta Birmingham Florida Oklahoma City Tampa Texas

Asset manager Partners Group Holding AG (OTC:PGPHF) has agreed to buy rental houses owned by Fortress Investment Group for $1 billion, Bloomberg reported.
The deal includes more than 2000 new-build homes operated by Kairos Living and about 1,000 homes in contract.
The houses are located in the U.S. Sun Belt, and cities such as Oklahoma City; Amarillo, Texas; Birmingham, Alabama; Tampa, Florida; and Atlanta.
Partners Group has $18 billion under management in private real estate and targets sectors.
Price Action: PGPHF shares closed lower by 4.38% at $984.83 on Tuesday.

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