November 17, 2021
Real Estate

Mynd Gets $5B to Buy Single-Family Rentals

Mynd CEO and co-founder Doug Brien and Invesco Real Estate CEO Scott Dennis (Mynd, Twitter via CBRE)

Mynd Management is gearing up to dominate the single-family rental market with help from one major investor.

Thanks to Invesco Real Estate, Mynd will receive $5 billion to purchase 20,000 single-family rental homes in the U.S. over the next three years, Bloomberg News first reported.

The partnership will make Mynd one of the largest purchasers and managers of those homes in the U.S., the company said in a press release. The company will focus on buying for Invesco as it builds out its management platform of more than 7,000 homes across 25 cities.

Mynd operates a platform that aims to democratize real estate access and help investors buy, sell or manage single-family rentals across the country.

Invesco is also leading a $40 million financing round for Mynd, which will be spent on…

Read full article here: therealdeal.com