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Single Family Rental Portfolio

FINANCEDSingle Family Residence

Barry Sternlicht Of Starwood Asset Management Secures $482.5M Refinance Loan From Nomura Securities

Single Family Rental Portfolio

$482,500,000

Building Size

Asset Type

Single Family Residence

Closing

Aug 17, 2026

AI

The asset involved is a single-family rental portfolio encompassing 1,749 homes across multiple states, including Georgia, Arizona, and Florida. The entire portfolio is currently more than 96% leased, indicating a strong occupancy rate and demand for the properties. This refinancing transaction is valued at $482,500,000.

Summary of transaction details:

  • Property Type: Single Family Rental
  • Transaction Amount: $482,500,000
  • Lender: Nomura Securities
  • Landlord: Barry Sternlicht - Starwood Asset Management
  • Loan Type: Refinance
  • Loan Terms: floating-rate, interest-only
  • Market: Georgia, Arizona & Florida
  • Portfolio Acquisition: Starwood Asset Management acquired the portfolio worth $674 million in 2021–2022
  • Percentage of Homes: Approximately a third in Georgia, about a quarter in Arizona, and just under 12% in Florida

Barry Sternlicht, representing Starwood Asset Management, played a pivotal role in securing the refinance of the portfolio, utilizing the loan from Nomura Securities to effectively enhance the financial structure of these rental homes. This strategic move aligns with the company's broader investment goals and market positioning within the single-family rental sector.

Players

Nomura Securities International
Nomura Securities InternationalLender

Barry Sternlicht

Starwood Capital Group

Landlord

$10.6B

vol

49 deals

Landlord

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93