Roofstock Completes Sale of Nearly 1,700 Single-Family Rental Properties in Strategic Portfolio Transaction
Oakland, CA – October 30, 2024 — Roofstock, a leader in the single-family rental (SFR) investment sector, is pleased to announce the successful sale of a strategically curated portfolio of nearly 1,700 single-family rental homes to AMH. This transaction ranks among the largest single-family rental (SFR) portfolio sales in the past two years.* Roofstock exclusively represented the seller, ensuring a streamlined and efficient transaction process that highlights the market’s demand for high-quality rental assets with long-term growth potential.
Spanning 13 markets projected to yield above-average population growth**, these properties are positioned to capitalize on expanding demand and favorable economic trends. The portfolio's weighted Neighborhood Score (a Roofstock proprietary metric) shows a 4.1 out of 5 rating, which speaks to high-quality school districts, among other key components, offering rental options that appeal to a broad tenant base.
“We are pleased to have represented the seller in this transaction with AMH,” said Chris Willard, General Manager at Roofstock. “The success of this sale reflects Roofstock’s commitment to delivering continued liquidity to the SFR investment market, despite today’s higher interest rate environment.”
About Roofstock
Roofstock is a leading data, analytics, and investment platform focused on the single-family rental (SFR) sector. Its real estate investing-as-a-service model empowers investors of all sizes to utilize on-demand technology and services for the acquisition, management, and sale of rental properties. Roofstock’s innovative approach facilitates investments at scale with enhanced precision, speed, and efficiency compared to traditional methods. For more information, please visit: https://www.roofstock.com
For more information, contact:
Chris Willard
General Manager, Roofstock Portfolio Marketplace
chris@roofstock.com
* Roofstock Rental Genome, SFR Portfolio Transactions, Sep 2022 - Sep 2024
** John Burns Research & Consulting, SFR Analysis & Forecast, March 2024