Premium Point Investments buys into single-family rental market

Purchases majority stake in Residential Capital Management

Premium Point Investments has acquired a majority interest in Residential Capital Management, an Atlanta-based operator of single-family residential homes.

Terms of the transaction were not disclosed.

RCM, which was founded in 2010, provides a combination of investment management services, including acquisitions, construction, property management, property preservation, leasing, title and disposition services.  

The company has offices in Marietta, Georgia and Nashville, Tennessee plus three offices in Florida, in Orlando, Tampa and Boca Raton. As of June, RCM had acquired, renovated, and managed over 7,200 homes since it was founded.

In a release, the company said that 1,200 of the acquisitions were self-funded and the remaining 6,000 were acquired on behalf of private equity partners.

“We see great synergies between our businesses, and significant opportunities in the single-family rental market,” said Anilesh Ahuja, CEO and chief investment officer of Premium Point. “In RCM, we have a partner that is a best-in-class operator with a proven track record of investing for large institutional clients.”

The acquisition will be Premimum Point’s first entrée into single-family rentals. “For Premium Point, the partnership represents an opportunity to add to its investment platform across the residential markets in a proven institutional asset class,” the company said in a release.

RCM’s president, Lance Popp, said the investment from Premium Point will allow the company to expand its operations. “This partnership with Premium Point provides us with capital markets expertise and access to its residential platform,” Popp said.

“With Premium Point as our partner, we now have the necessary resources to develop and expand nationally beyond the Southeast U.S.”

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