#United States #Chicago #investors #build-to-rent #Peakline Real Estate

Peakline Real Estate Funds Expands into Build-to-Rent Market

In a strategic step forward within the real estate investment landscape, Peakline Real Estate Funds (PREF) has officially announced the launch of its latest initiative: the Peakline Real Estate BTR Fund I. This fund is set to mark PREF's entry into the burgeoning Build-to-Rent (BTR) sector, targeting a promising avenue in rental housing investment.

A New Phase of Growth

As a private real estate investment firm that boasts an impressive $1.7 billion in equity investments, PREF is committed to expanding its suite of investment opportunities. This new fund is designed to provide investors with access to a carefully curated portfolio of properties within high-demand markets, which are also characterized by limited supply. This strategic move not only showcases PREF’s adaptability in a changing market but also emphasizes its commitment to delivering innovative solutions for its investor base.

Michael Miller, Co-Founder, President, and CEO of PREF, expressed excitement about the new direction the firm is taking. He stated, "We are thrilled to add Build-to-Rent housing to PREF's portfolio, as our team continues to identify compelling private market opportunities for our investors." The launch of this fund is particularly significant as it coincides with a rebranding effort that further enhances PREF's identity in the competitive real estate landscape.

Why Build-to-Rent?

The Build-to-Rent model has gained traction due to a persistent imbalance between housing supply and demand, especially in the rental market. It offers a viable solution for those who seek high-quality, professionally managed rental properties without the burdens of ownership. The Peakline Real Estate BTR Fund I aims to tap into this demand by developing purpose-built, single-family rental communities that include desirable amenities catered to modern renters.

Focusing on well-located properties in suburban markets rich in resources like public schools, employment opportunities, and entertainment, the BTR Fund targets areas that are expected to attract a significant tenant base. Jason Ross, Managing Director at PREF who will oversee the new fund, indicated that the team is dedicated to working with knowledgeable local sponsors to streamline the development process and ensure community needs are met.

Portfolio Highlights and Future Plans

PREF has already identified several projects, totaling over 1,600 units across various strategic locations. The firm has a history that dates back to 2003, when its founders initially sought opportunities in value-add real estate investments. Establishing a solid foundation, PREF transitioned into fund management in 2018, launching its own Qualified Opportunity Zone fund series to harness tax benefits linked to real estate development.

Currently managing over $5 billion in total gross value, PREF operates across various segments including logistics, industrial, and residential real estate. The launch of the BTR Fund marks an exciting new chapter as PREF continues to innovate and grow its influence in the real estate market.

To learn more about the Peakline Real Estate BTR Fund I and explore potential investment opportunities, visit Peakline's official website.

Conclusion

Peakline Real Estate Funds is strategically positioned to make significant strides within the Build-to-Rent market, leveraging its historical expertise and recent developments to address the growing need for rental housing. This new focus not only aligns with market demands but also reflects PREF's ongoing commitment to delivering smart, informed investment options for its clientele, helping shape the future of rental housing in the United States.