Bridge Tower Sells 375-Home Sunbelt SFR Portfolio, Ending Long-Term Hold

Features September 5, 2025| | Amy Wolff Sorter

Bridge Tower Partners ended a more than decade-long hold on a 375-home single-family rental portfolio (SFR), selling the Sunbelt properties to a national owner and operator of home rental communities. The properties are in Austin, Dallas-Fort Worth, Houston, San Antonio, Atlanta, GA and Charlotte, NC. At the time of closing, the portfolio was 94% occupied.

The sales price was not disclosed.

“The seller has owned and operated components of the portfolio for over ten years, and met its business plan strategy,” JLL’s Matthew Putterman told ApartmentBuildings.com. Putterman and JLL colleagues Jim Humphries, Daniele Colbertaldo, Casey Sherman and Rhett Robins represented the seller in the transaction.

Putterman said that Bridge Tower remains active in the SFR space as a buyer and developer of communities across the Sunbelt states.

The portfolio consisted of well-maintained, high-quality homes built within the past ten years. The average size was 1,773 square feet, featuring 3.5 bedrooms and 2.3 bathrooms. Interior amenities included granite countertops, stainless steel appliances, flat panel shaker-style cabinets, wood plank flooring and open concept floor plans.

The assets were marketed as a full portfolio, with some flexibility around sub-portfolio components. “There haven’t been many fully marketed single-family portfolios since 2023, so there was considerable investor interest,” Putterman commented.

Putterman said the portfolio provides strong in-place cash flow and upside potential for the new owner because of its exposure to fast-growing markets. The SFRs are in regions with strong demographic trends and outstanding market fundamentals.

“With homeownership out of reach for many Americans due to limited inventory and recently high mortgage rates, there is sustained demand and need for institutionally maintained and managed rental homes,” Putterman added. “Sunbelt cities, in particular, have seen strong population and job growth, exaggerating the need for housing optionality.”

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Bridge Tower Sells 375-Home Sunbelt SFR Portfolio, Ending Long-Term Hold

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Partial Office-to-Residential Conversions and Financing: The Case for a Floor-by-Floor Approach

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Brokers

Remax Professionals

Jared Ennis

Rick Recckio

Eamonn McConnell

Lenders

Management

Essex Property Trust, Inc.

Josh A

Bob Tuteur

Andrew Schildcrout