VineBrook Homes Announces Completed Acquisition Of 2,267 Single Family Rental Homes
- U.S. stocks close down on news of Biden tax proposal
- Biden To Propose Capital Gains Tax As High As 43.4% For Wealthy - Bloomberg
- Intel (INTC) Tops Q1 EPS by 24c, Offers Guidance
- Snap (SNAP) Tops Q1 EPS by 5c, DAUs were 280 million, Offers Guidance
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
BOSTON, March 8, 2021 /PRNewswire/ -- VineBrook Homes, LLC ("VineBrook" or "the Company") announced the acquisition (the "Acquisition") of a portfolio of 2,267 single family rental ("SFR") homes across multiple markets. This Acquisition further expands the Company's presence in the Midwest, Heartland, and Southeast. The homes were originally aggregated, renovated and managed by Conrex Homes.
"With the closing of this Acquisition, VineBrook is now providing affordable, safe, clean, and functional housing to over 13,000 families during a time when housing security has never been more important. This transaction significantly overlaps with our legacy portfolio of homes and highly correlates with the 1,866 home portfolio we closed on last month providing scale and density in our existing core markets and new Southeast markets," said Dana Sprong, VineBrook Co-Founder and Manager Partner.
"We are excited to welcome our new residents and team members to the growing VineBrook family. Our goal is to provide a high-quality rental experience to the residents in our homes, as well support the surrounding communities," said Ryan McGarry, Managing Partner and Chief Operating Officer at VineBrook. "Our communities make us who we are and we are grateful for everyone's support as we continue to grow together."
To receive more information about living in a VineBrook home, or joining the VineBrook team, please visit www.VineBrookHomes.com for more information.
ABOUT VINEBROOK VineBrook Homes, LLC is focused on acquiring, renovating, maintaining, and operating affordable single family rental homes. As of March 2, 2021, the VineBrook portfolio consisted of more than 13,000 single family homes in 19 markets. The VineBrook team has more than 13 years of experience operating in the workforce SFR space.
Contact:Jackie GrahamInvestor Relations972-628-6213JGraham@nexpoint.com
SOURCE VineBrook Homes, LLC
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- OCON's Pioneering IUB™ Ballerine® Femtech Applauded by Frost & Sullivan
- AAK's Interim report for the first quarter 2021 - continued earnings growth in a time of volatility and uncertainty
- China Online Education Group Announces Acquisition of Kaola Reading