Atlas Real Estate and DivcoWest Form Billion-Dollar Joint Venture to Acquire and Renovate Single-Family Rental Homes (SFR)
DENVER, April 27, 2021 / PRNewswire / – Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, today announced that it has entered into a Joint Venture (JV) partnership with San Francisco-based DivcoWest invest $ 250 million of the equity of single-family homes in the form of rentals Western United States. The JV plans to deploy $ 1 billion the acquisition and renovation of housing in high-growth states, including Colorado, Arizona, Idaho, Nevada and Utah, where Atlas currently manages over 4,200 units.
“DivcoWest’s partnership with Atlas is a testament to our decade and history as an acquisition partner and the long-standing relationships we have had with institutional investors since our inception,” explains Ryan boykin, co-founder of Atlas Real Estate. “The start of this new joint venture is also a testament to the strength of the SFR housing sector and the full-service real estate investment platform that Atlas has created.
“The new partnership between Atlas and DivcoWest allows us to live up to our mission as a company: ‘Raising humanity through real estate’”, says Tony Julianelle, CEO of Atlas Real Estate. “The joint venture will operate to increase the inventory of single-family rentals in the markets managed by Atlas, presenting a tangible opportunity to serve people and create a positive residential experience while helping to meet supply demand by providing housing. High quality.”
Since its creation in 2013, Atlas Real Estate has been recognized as a leader in the real estate sector. The Denver Business Journal named Atlas as a Fast 50 Honoré, Bank of America chose Atlas as one of its Colorado businesses to watch, and ColoradoBiz Magazine honored the company with the Best of Colorado: Property management awards for the last four consecutive years.
About Atlas Real Estate
Atlas Real Estate is a full-service real estate company specializing in investment services, property management and institutional acquisitions. Buy / sell brokerage, Atlas is also a partner agent of Zillow Offers. Since its creation in 2013, DenverAtlas Real Estate, based in Atlas, is committed to Uplift Humanity Through Real Estate. With offices in eight markets across the country, Atlas trades on $ 1 billion in real estate annually and manages over 4,200 residential units. Atlas has been recognized by major media as one of the best places to work Denver, the best property management company and one of the best real estate companies. To learn more about Atlas, visit www.realatlas.com.
Founded in 1993, DivcoWest is a vertically integrated real estate investment company based in San Francisco, with offices in Los Angeles, Menlo Park, Boston, Washington DC and New York City. Recognized for its long-standing relationships and experience across the risk spectrum in markets where innovation thrives, DivcoWest combines entrepreneurship with an institutional approach to deliver real estate solutions and opportunities to businesses and investors. the most avant-garde in the world. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since its inception, DivcoWest and its predecessor have acquired approximately 48 million square feet of retail space – primarily United States. DivcoWest’s real estate portfolio currently includes existing and developing properties in offices, R&D, laboratories, industrial, commercial and multi-family spaces. www.divcowest.com
Media contact: Victoria evans, [email protected]
SOURCE Atlas Immobilier