Beacon Ridge Capital Management Expands U.S. Single-Family Rental Strategy in High-Growth Markets with New Investment Partnership
- Beacon Ridge Single-Family Rental Income Fund LP Successfully Debuts for Qualified U.S. and Offshore LPs
- Expands the professional team and moves into the new headquarters
- enters into a new investment partnership to deploy up to $700 million in SFR Assets
BOCA RATON, Florida., March 17, 2022 /PRNewswire/ — Beacon Ridge Capital Management (BRCM), a real estate investment management and advisory firm specializing in single family rental (SFR) investments, today announced a new investment partnership with a leading global institutional investor. The partnership will initially recapitalize an existing housing portfolio owned or controlled by BRCM and will have the ability to acquire and develop more $700 million of SFR in high-growth markets in the United States, with a focus on tenant satisfaction through best-in-class management and service.
“BRCM has experienced a period of exceptional growth in 2021 as we have seen the increase in demand for the SFR sector,” said Marc DeSarioChairman and Chief Executive Officer of BRCM. “Our investment team, led by CIO Craig Krandel, and Robby Nap, has been at the forefront of this nascent sector for more than a decade, and their leadership has contributed to the evolution of SFR as an institutional asset class. We look forward to growing our team as we expand our portfolio into other high-growth markets.”
The new investment partnership coincides with BRCM’s successful launch of Beacon Ridge Single-Family Rental Income Fund, LP, a private open-ended perpetual fund designed to provide qualified buyers and offshore investors with access to the SFR market sector. During the first six months of operation, the Fund has acquired or has committed to acquire more than $200 million in homes in nine markets. In the wake of the pandemic, the SFR industry has offered investors tangible assets that have shown performance despite national economic shifts. The partnership enables BRCM to acquire, renovate and lease a larger-scale portfolio of SFR housing in strategic geographic markets, thereby protecting against volatility or fluctuations in one location. The fund is designed to provide stable, recurring tax-efficient income to its limited partnerships, providing a risk-adjusted total return.
“BRCM’s strategy of acquiring and holding assets over an extended investment cycle through a perpetual fund sets us apart from other players in this sector,” said Craig Krandel, CIO of BRCM. “Our ability to offer high net worth individuals and family offices recurring income and exposure to a historically inflation-protective asset class sets us apart from other operators. This new strategic partnership with a global institutional investor demonstrates its confidence in our team and a community the optimism around the market opportunity.”
To meet the growing demands of the firm, BRCM has recruited key professionals with long experience in the SFR real estate sector. The head office of Boca Raton opened in 2021 and BRCM plans to expand the team in 2022 and is actively recruiting acquisition and asset management specialists.
About Beacon Ridge Capital Management
Beacon Ridge Capital Management (“BRCM”) is a real estate investment management and advisory firm specializing in single-family rental investments. Founded in 2020, BRCM develops asset-backed investment products designed to generate recurring income with low volatility. The team is comprised of capital markets experts, asset acquisition specialists and highly experienced portfolio and asset management professionals with deep sector expertise in the SFR industry. The head office is at South Floridawith offices at Boston. BRCM is sponsored by global investors and holds an important leadership position. www.beaconridgecap.com
This press release does not constitute an offer of securities for sale. Securities may not be offered or sold in United States lack of registration or exemption from registration. © 2022
SOURCE Beacon Ridge Capital Management (BRCM)