OMAHA, NE | March 4, 2015 | Javlin Capital (Javlin) today announced the funding of a $30 Million credit facility, enabling Atlanta, Georgia-based Key Property Services (Key) to acquire single-family homes as investment properties.
“Partnering with Key Properties enables Javlin to enter another large sub-market within the real estate vertical,” said Rob Johnson, Javlin CEO. “It’s a win-win situation.”
Key is an experienced operator primarily interested in scaling a fund opened in February 2014. Key has managed more than 3,000 homes simultaneously and has overseen the purchase of more than 9,000 homes. The team has acquired, renovated, and leased homes in 16 cities across 10 states. Since 2013, Key has purchased over 1,800 homes for its funds or clients and sold more than 1,500 homes to large aggregators.
“I think this is going to be a great long-term relationship,” said Simon Frost, Key’s Chief Investment Officer. “Javlin’s commitment to the REO-to-rental space will make it possible to purchase around 300 single-family homes.” // Download Press Release