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Report: Highland Capital to buy rental homes portfolio for $300M

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Report: Highland Capital to buy rental homes portfolio for $300M

Highland Capital Management LP agreed to pay Magnetar Capital LLC more than $300 million for a VineBrook Partners LLC-managed portfolio of single-family rental homes, Bloomberg reported, citing unnamed sources privy to the matter.

The anonymous sources also revealed that the company plans to further grow its rental-home portfolio beyond the acquisition.

Highland Capital, Magnetar and VineBrook representatives declined to comment on the transaction, the publication reported.