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A joint venture of Denver-based Atlas Real Estate and
DivcoWest, a San Fransisco-based investment firm, has joined the Single Family
Rental (SFR) exodus with a $1 billion purse targeted at the sector.
The JV plans to invest $250 million of equity in single-family homes as rentals throughout the Western United States and expects to deploy $1 billion acquiring and renovating homes in high-growth states, including Colorado, Arizona, Idaho, Nevada and Utah, where Atlas currently manages more than 4,200 units.
“DivcoWest’s partnership with Atlas is a testament to our
decade plus history as an acquisition partner and the long-standing
relationships we have cultivated with institutional investors since our