Denver, Colorado-based private real estate investment firm, Guardian Residential [1], announced the closing of its inaugural fund, which is tied to the acquisition of $11.5 million in assets from Dream Finders Homes [2]. In a statement, the company said that it closed a sale-leaseback transaction with Dream Finders Homes on 23 homes across seven states. In the transaction, Guardian purchased model homes from Dream Finders and simultaneously entered into lease agreements allowing the builder to utilize the homes as sales offices for up to three years.
“I couldn’t think of a better partner to close our first deal,” said Dennis Cisterna, CEO of Guardian. “Dream Finders is a top-flight builder, and Patrick’s firm is a great example of the caliber of builder we look to work with to grow our investment profile. In this transaction, Guardian was able to obtain a portfolio of high-quality homes in strong markets with guaranteed revenue that will provide a strong return for our investors. Between our sale-leaseback and SFR build-to-rent platforms, we offer a unique opportunity to homebuilders and investors as we continue to expand our portfolio of residential real estate assets.”
“We are excited to partner with Dennis and Guardian on this model home sale-leaseback transaction,” stated Patrick Zalupski, CEO of Dream Finders Homes. “The portfolio includes some of our best constructed and well-designed homes across our national footprint. The transaction allows us to re-deploy our capital into new communities and continue our growth trajectory.”
Upon launch of the company, Guardian said that it has secured equity commitments from firms in the SFR sector, including the founders of Dominion Group, LandCap Partners, Pintar Investments, and Kinloch Partners.
Guardian Residential invests in properties through the principles of institutional data-driven investment analysis with boots-on-the-ground operational experience and meticulous asset management to deliver strong, risk-adjusted returns.