Heitman and Sylvan Road Capital formed a joint venture.

Heitman, a private equity firm, and Sylvan Road Capital, an asset management firm focused on single-family residential investments, formed a joint venture. “We are pleased to announce our joint venture with Sylvan Road and partner to aggregate a portfolio of single-family rental assets. Sylvan Road’s end-to-end platform, ranging from acquisition and renovation to lease-up, management, and disposition, provides us with a sophisticated partner with an institutional management team. Heitman was early to enter the single-family rental sector and it has continued its evolution as a growing area for institutional real estate investment. We will continue to look for opportunities to access SFR as supply and demand fundamentals remain attractive," Tom McCarthy, Heitman Senior Managing Director of North American Private Real Estate Equity Group.