Front Yard Residential Corp. has acquired property manager HavenBrook Partners along with a portfolio of 3,236 properties the latter firm manages, reports Donna Kimura of MFE sister brand AHF. The deal for the Duluth, Ga.–based HavenBrook and its properties totaled $485 million.
“The acquisition of HavenBrook and the homes it manages is a milestone in our company’s evolution as the leading affordable housing provider,” said CEO George Ellison in a statement. “The acquisition of an internal property manager will allow us to improve the excellent service to our families while providing opportunities to drive efficiencies to increase shareholder value.”