TMHC - Taylor Morrison Home-Värde Partners build-to-rent JV closes on nine assets since launch

Homebuilder Taylor Morrison Home (NYSE:TMHC) and alternative investment firm Värde Partners have scaled their $850M build-to-rent joint venture, closing on nine assets across Texas, Florida, North Carolina and Arizona since inception. The JV was formed to develop rental properties as a part of Taylor Morrison's Build-to-Rent program. It includes $850M in equity commitments, funded 40% by Taylor Morrison (TMHC) and 60% by Värde Partners. Through the agreement, Värde gets opportunity to invest in the acquisition and development of Build-to-Rent projects identified by Taylor Morrison. It also supports the ongoing expansion of the Build-to-Rent program.

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Taylor Morrison Home-Värde Partners build-to-rent JV closes on nine assets since launch