- 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.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Partners Group To Acquire US Rental Homes For $1B: Bloomberg
Partners Group
Fortress Investment Group
Alabama
Amarillo
Atlanta
Birmingham
Florida
Oklahoma City
Tampa
Texas
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks