JPMorgan showers single-family rental partnership with cash

JPMorgan Chase is pouring more money into its partnership with single-family rental business American Homes 4 Rent. The bank’s asset management arm, the Strategic Property Fund, is increasing its investment with the landlord to $625 million from $250 million, according to Bloomberg. They formed the $250 million partnership earlier this year. American Homes 4 Rent announced the deal in tandem with its first-quarter results. The firm’s total revenues increased 3.7 percent year-over-year to $289.3 million,

source https://therealdeal.com/2020/05/08/jpmorgan-showers-single-family-rental-partnership-with-cash/