RXR, Misra’s OneIM Team Up to Finance US Rental Housing Bets
- Developer, asset manager form a $500 million joint venture
- Pair will focus on structured equity and traditional credit
Rajeev Misra
Photographer: Sumita Sharma/BloombergThis article is for subscribers only.
Property developer RXR and One Investment Management, a vehicle set up by SoftBank Vision Fund’s key architect Rajeev Misra, formed a $500 million venture to help finance US rental housing.
The pair is targeting multifamily investments through structured equity instruments and traditional credit, according to a statement Friday. The companies aim to focus on gateway cities and places in the US Sunbelt.