51
HALO RAISES
450M TO HELP
SINGLE-FAMILY
RENTERS BECOME
HOMEOWNERS
HALO, the Home Access Lease
Opportunity, and Churchill Real Estate,
announced a $450 million funding facility to
expand HALO's SFR2O™ (Single-Family
Rent-to-Own) platform across the United
States. e funding round includes new equity
from existing HALO investors and new debt
from Churchill Real Estate.
"Having spent five years building what
has become the most successful residential
Rent-to-Own program in the country—as
measured by tenant outcomes—we will
now be in a position to extend the dream
of homeownership to thousands of aspiring
buyers who are being left behind by the
traditional mortgage process," said David
Sandmann, HALO's Founder & Managing
Partner. "As new platforms emerge to
address the many inefficiencies in the
single-family housing market, HALO has
focused its attention on access & inclusion in
homeownership. Home equity is the leading
contributor to generational net worth, and this
new funding will allow us to further our deep
commitment to educating and empowering
more tenants to become homeowners, assuring
that the long-term equity in their homes
benefits them rather than their landlord,"
Sandmann said.
"Churchill is proud to be a part of
HALO's mission to promote access to
homeownership," stated Derrick Land,
Managing Partner at Churchill Real Estate.
"Churchill is an active provider of financing
in the commercial and residential real estate
space, with a large and growing presence in
the SFR category. HALO's unique, highly
successful SFR2O™ model and experienced
management team led us to make a
meaningful commitment to this strategy; I
had worked with Brett Nicholas, co-Managing
Partner at HALO, when Brett was President
at Redwood Trust and am looking forward to
working with David and Brett in the months
and years ahead," Land stated.
HALO is currently active in Atlanta,
Phoenix, Charlotte, Raleigh-Durham, and
Nashville and plans to utilize this new funding
to expand into 25 metros by Q1 2022.
