Goldman Sachs-Backed Rental Fund Buys Entire Community Of 87 Single-Family Homes In Central Florida

[ismartganesh]

A joint venture between two Fundrise-sponsored funds has acquired a community of 87 detached, single-family rental homes in Palm Bay, Florida.

The rental community, known as Cypress Bay, was developed by D R Horton Inc (NYSE: DHI) and completed in February of this year. The community of homes was purchased by a joint venture between the Fundrise Interval Fund and the Growth eREIT VII for approximately $45.7 million.

According to the Fundrise website, approximately 41% of the homes were occupied at the time of acquisition.

Fundrise-sponsored funds have recently purchased a community of 48 single-family homes in South Carolina, 106 homes on the Gulf coast in Mississippi, 120 homes in Pensacola, FL, and started multiple single-family rental community developments.

[Tomb__ayya]

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adedho recession ani osthundhi anta kada