Guardian Residential Closes Inaugural $11.5MM Fund; Purchases Model Home Portfolio from Dream Finders Homes
October 2, 2018
New Investment Firm Set to Rapidly Expand Platform Focused on Newly
Constructed Homes
DENVER–(BUSINESS WIRE)–Guardian
Residential (“Guardian”) today announced the closing of its
inaugural fund, which is tied to the acquisition of $11.5MM in assets
from Dream
Finders Homes. Guardian was formed by real estate industry veteran
Dennis Cisterna this summer to focus on residential investment
opportunities with a goal of deploying $250 million in the next 18
months.
As part of its expanding real estate portfolio, on October 1st, 2018,
Guardian closed a “sale-leaseback” transaction with Dream Finders Homes
on 23 homes across 7 states. In the transaction, Guardian purchased
model homes from Dream Finders, and simultaneously entered into lease
agreements allowing the builder to utilize the homes as sales offices
for up to three years.
“I couldn’t think of a better partner to close our first deal,” said
Dennis Cisterna, CEO of Guardian. “Dream Finders is a top-flight
builder, and Patrick’s firm is a great example of the caliber of builder
we look to work with to grow our investment profile. In this
transaction, Guardian was able to obtain a portfolio of high-quality
homes in strong markets with guaranteed revenue that will provide a
strong return for our investors. Between our sale-leaseback and SFR
build-to-rent platforms, we offer a unique opportunity to homebuilders
and investors as we continue to expand our portfolio of residential real
estate assets.”
“We are excited to partner with Dennis and Guardian on this model home
sale-leaseback transaction,” stated Patrick Zalupski, CEO of Dream
Finders Homes. “The portfolio includes some of our best constructed and
well-designed homes across our national footprint. The transaction
allows us to re-deploy our capital into new communities and continue our
growth trajectory.”
Upon launch of the company, Guardian has secured equity commitments from
several notable firms in the SFR sector, including the founders of
Dominion Group, LandCap Partners, Pintar Investments, and Kinloch
Partners. “We’re excited to invest alongside Guardian because of
Dennis’s reputation and long history of success in the single-family
sector. Guardian’s platform is complementary to our business of
investing in high-quality new construction,” noted Bruce McNeilage,
founder of Kinloch.
About Guardian Residential
Guardian Residential is a private real estate investment firm
established to capitalize on a unique set of conditions in the U.S.
housing market via the acquisition of single-family residential
properties. Built on a foundation of steadfast ethics, Guardian
Residential is dedicated to “Investing in the American Community”
through the principles of institutional data-driven investment analysis
with exceptional boots-on-the-ground operational experience and
meticulous asset management to deliver strong, risk-adjusted returns.
Visit www.guardiansfr.com
for more information.
Contacts
For Guardian Residential:
JCraig Communications
Jennie
L. Craig
832-236-3392
jennielcraig@gmail.com
or
Guardian
Residential
619-743-8215
info@guardiansfr.com
www.guardiansfr.com