|Oliver Chang, former Head of U.S. Housing Strategy at Morgan Stanley, launched Sylvan Road Ventures with principals of Atlanta-based Delmar Realty Advisors.|
A new player called Sylvan Road Capital LLC has jumped into the $3 trillion single-family rental market in a big way.
The Atlanta-based asset management firm founded by Oliver Chang, Robert Lee, Sarah Lee, and Gavin Kleinknecht, expects to invest more $1 billion nationally in the next two years, beginning with an initial capital commitment from a leading private equity firm to acquire over $300 million in single-family homes.
Chang is the former Head of U.S. Housing Strategy at Morgan Stanley, and his partners are the principals of Atlanta-based Delmar Realty Advisors.
"America is moving toward a 'rentership society,' and I believe the opportunity to purchase and professionally manage single-family rental homes represents one of the most compelling investment opportunities across all asset classes," said Chang, co-founder and managing director.
Sylvan Road focuses on buying and extensively renovating highly distressed single-family properties.
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