$1B Single Family Rental Joint Venture

Crescent Communities and Pretium ($25.5B AUM) announced the formation of a joint venture to invest $1 billion in new single-family build-to-rent communities in 14 Sunbelt markets. The first community of 100+ townhomes will be north of Charleston, SC.

HARMON is the parent brand for the new communities. The 3,000+ new rental homes for the joint venture will be built by homebuilders in the Sumitomo Forestry.

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