Appreciation Homes has assembled a 13-asset portfolio of build to rent homes that are located in the suburbs of Oklahoma City and wrapped that portfolio in a structure that it says is the first single family residential net lease deal to come to market.
“When someone invests with us they are buying a single-family home with a long-term absolute net lease in place,” Appreciation Homes managing director Paul Pettinelli, tells GlobeSt.com. “As the tenant, we pay the net lease payment every month to the owner and cover any capital expenditures and vacancy losses.”
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Source: Globest
