Metropolitan Partners Group Management, LLC, a direct-lending fund manager that provides senior-secured, transitional capital to small and mid-sized businesses in the U.S., recently closed an investment in US Home Aggregation, LLC, an acquirer and manager of single-family rental homes across targeted markets in the U.S. US Home will use the committed capital from Metropolitan to expand its existing portfolio of homes.
US Home acquires foreclosed single-family homes at a significant discount to both market and replacement costs in tertiary markets across the country that possess positive demographic and employment trends. The company uses a proprietary mapping tool that targets vacant, bank-owned homes within established neighborhoods. US Home renovates these homes and leases them to tenants.
"We are incredibly excited to partner with US Home. The company is applying technology and scale to a non-institutional sector," said Paul Lisiak, Metropolitan's Managing Partner and Chief Investment Officer. "Metropolitan's investment, combined with our experience investing and scaling with partners within the real estate vertical, will provide US Home with the access and the ability to strategically grow its portfolio of properties."
A structural housing shortage has developed in the U.S. since the 2008 financial crisis, which has driven down housing affordability and sent single unit rental vacancy rates to their lowest levels in more than 20 years. 2018 Census data estimates that there are approximately 16 million vacant homes in the U.S.
"We are excited to have Metropolitan as a partner," said John Halasz, US Home's Chief Executive Officer. "Today, this space is significantly underserved. With this partnership, we are well underway to being able to make a difference in thousands of people's lives by providing them with affordable homes in the neighborhoods they want to live in."
About Metropolitan Partners Group:
Metropolitan Partners Group is a direct-lending fund manager that provides senior-secured, transitional capital to small and mid-sized businesses in the U.S. that have not had an institutional investor, are going through a period of growth and require additional capital in order to achieve scale. The firm provides short-term loans of $5 million to $25 million to fundamentally sound companies with a typical loan term of 12 to 36 months. Since its inception in 2008, Metropolitan has deployed more than $600 million of capital and completed over 60 investments with companies across several business sectors, including specialty finance, local infrastructure, telecom, heavy equipment, niche manufacturing and automation. To learn more, go to: http://www.metpg.com
About US Home Aggregation:
US Home Aggregation strategically acquires, renovates and leases single family homes to middle class Americans across targeted markets within the United States. We rely on big data technology and a proven systematic bidding and on-site inspections process to identify and acquire select properties at a significant discount to market, with high rental yields, at a scale suitable for our institutional partners. We are presently acquiring and leasing homes with a goal of creating the nicest rental home in the neighborhood. To learn more, go to: http://www.UShomeAG.com
