Pacific Investment Management Co. is continuing to build its investment in the US rental market, buying out Sylvan Road Capital’s stake in HavenBrook Homes, according to people with knowledge of the matter.
“…we have profitably sold our position in that joint venture [HavenBrook Homes] to our partner,” Oliver Chang, the co-founder of Sylvan Road, said without naming the partner. Pimco has a controlling stake in HavenBrook Homes, the people with knowledge of the matter said.
HavenBrook Homes operates around 4,000 rental homes in the US.
