Dallas-based VineBrook Homes Trust Inc. has acquired 951 single family rental homes from a respected and unaffiliated third party owner and operator focused on the workforce segment of single family rental homes. The transaction expands VineBrook’s existing footprint in Columbus, Cincinnati, Indianapolis, Kansas City, Memphis and Saint Louis, while expanding into Pittsburgh, Omaha, Louisville, Little Rock and Jackson, Mississippi.

The acquisition is a continuation of VineBrook’s strategy of aggregating, re-positioning and operating quality single family rental assets in secondary and tertiary markets that offer high current yields and NOI growth at acquisition prices representing strong discounts to replacement cost. VineBrook has an 11-year track record of successfully executing this strategy.

VineBrook is a non-traded real estate investment trust focused on acquiring, renovating, maintaining and operating affordable single family rental homes. As of Sept. 30, 2019, after factoring in the acquisition, VineBrook’s portfolio consisted of approximately 6,500 single family homes in 12 markets. The Company is managed by VineBrook Homes LLC and advised by NexPoint Real Estate Advisors.