1Sharpe Capital, an Oakland, CA based investor, builder and innovator across the real estate and technology spectrum, and BGO, a global real estate investment management advisor, today announced the formation of a strategic partnership focused on investing in build-to-rent, single family home communities in the U.S. As part of the transaction, BGO acquired an ownership stake in 1Sharpe Capital’s single-family rental business, confirming its long-term conviction in the asset class, and the firm’s commitment to working alongside 1Sharpe’s team of experienced investment management and property management professionals to identify new opportunities and grow the business.
The partnership will focus exclusively on acquiring purpose-built, connected single-family home communities located in secular growth markets with access to amenities, employment centers and strong school districts. Through the 1Sharpe platform, these communities will benefit from professional-grade property management services to deliver lifestyle benefits and conveniences to all residents.
The partnership successfully closed on its first acquisition, a newly-built, 64-home community located in metro Phoenix, and has an extensive pipeline of opportunities located throughout key Sunbelt and Western US markets.
“This partnership with BGO marks a significant milestone in our journey to redefine the residential living experience in the U.S. By combining 1Sharpe’s expertise in real estate investing and innovation with BGO’s depth of investment management knowledge and experience in the U.S., we are poised to create sustainable, connected communities in high-growth markets that meet the evolving demands of families today,” said Gregor Watson, Co-Founder, 1Sharpe. “Today’s announcement is the next step towards reshaping the landscape of single-family rentals across the U.S., offering homes that cater to the needs of modern living.”
“BGO’s entry into the build to rent, single family rental sector is driven by a strong, long-term conviction in the investment merits of housing which continues to benefit from demographically driven demand and a material deficit of housing units. We have a deep commitment to delivering a quality living experience for residents in the communities that we will be actively investing in on behalf of our clients,” said John Carrafiell, co-CEO, BGO. “Our partnership with 1Sharpe combines BGO’s investment acumen with 1Sharpe’s considerable experience and highly regarded operating platform to bring our shared values to life in the communities that we will proudly manage together.”
About 1Sharpe
1Sharpe stands at the forefront as an institutional investment manager and dynamic real estate operator, with a focused expertise in a diverse range of real estate investments, structured finance, and technological advancements. Managing assets over $2 billion and boasting a global investment footprint exceeding $10 billion since 2016, 1Sharpe’s prowess spans across various domains including credit, direct real estate, and venture capital initiatives. Leveraging years of institutional wisdom and a rich operational track record, our team excels in pinpointing and cultivating income-generating assets that offer exceptional risk-adjusted returns. Our expansive reach includes skilled teams and vast networks across the United States and select regions in Europe. Learn more about 1Sharpe at www.1sharpe.com
About BGO
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $83 billion USD of assets under management (as of December 31, 2023) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com.
