Harrison Street forms $1.5B build-to-rent JV with Core Spaces

Harrison Street Real Estate Capital LLC and Core Spaces LLC launched a joint venture that will invest as much as $1.5 billion to acquire and develop single-family build-to-rent communities in major U.S. metropolitan areas.

The venture's current pipeline represents roughly $2.5 billion in total capital and more than 6,500 units in markets such as Austin, Texas; Denver; Dallas; Orlando, Fla.; and Nashville, Tenn.