– Private Investment Company has Acquired 178 Atlanta Properties–
ROCHESTER, N.Y. – Broadtree Homes (Broadtree), a private real estate investment company managed by Broadstone Real Estate, LLC, has acquired another 23 Single-Family Rental (SFR) homes from The Dominion Group (Dominion) for a total purchase price of approximately $1.7 million. The transaction closed on Tuesday, September 30th, and brings Broadtree’s Atlanta-area SFR holdings to 178 homes. Broadtree continues to seek stabilized portfolios for acquisition in Atlanta and elsewhere in the United States.
The Dominion Group, headquartered in Baltimore, Md., initially acquired each of the homes individually, renovating and leasing them prior to the portfolio’s sale to Broadtree. Dominion will continue to partner with the company to manage the Atlanta portfolio and provide additional homes for possible future Broadtree acquisition.
“Broadtree is a buyer of renovated, rented homes in attractive markets throughout the United States, and our Atlanta holdings will serve as a healthy backbone in our portfolio as we continue to execute that strategy” said company CEO, Amy Tait. “Our commitment to deploy a scalable, predictable, and risk-adjusted model in the single-family rental space positions us as an attractive liquidity option and long-term partner for regional operators.”