The Promise Homes Company, Largest Black-Owned Single-Family Rental Company In The U.S., Secures $200 Million Debt Facility From Barings
The Promise Homes Company, Largest Black-Owned Single-Family Rental Company In The U.S., Secures $200 Million Debt Facility From Barings
01/13/22, 10:00 PM
Location
atlantaMoney raised
$200 million
The Promise Homes Company, the largest Black-owned manager of institutional-quality, single-family residential rental homes in the United States according to Black Enterprise, announced today that it has closed on a $200 million institutional debt facility from Barings, the global investment management firm. This transaction represents one of the 10 largest capital raises for a Black-owned company over the last decade.
Company Info
Location
atlanta, georgia, united states
Additional Info
, the Promise Homes platform will provide more quality housing at affordable prices in leading markets across the U.S. and enhance the financial stability and creditworthiness of even more residents. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.