Front Yard Residential is betting big on the single-family rental market, pouring more than $500 million into an expansion, reports HousingWire's Ben Lane.

Front Yard announced earlier this week that it is not only growing its portfolio of single-family rentals to more than 15,000 with a sizable new acquisition, it’s also buying HavenBrook Partners, a property manager, as part of a plan to internalize the management of some of its properties. Beyond buying HavenBrook, Front Yard is also buying 3,236 single-family rental homes that are currently managed by HavenBrook.

According to Front Yard, the deal strengthens its presence in existing “strategic target” markets, which include Alabama, Florida, Georgia and Minnesota.

Continue to HousingWire to read more about the deal.

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