The Promise Homes Company, Largest Black-Owned Single-Family Rental Company In The U.S., Secures $200 Million Debt Facility From Barings
Amount Raised
$200 Million
Round Type
Funding Round
AtlantaDescription
The Promise Homes Company, the largest Black-owned manager of institutional-quality, single-family residential rental homes in the United States according to Black Enterprise, announced today that it has closed on a $200 million institutional debt facility from Barings, the global investment management firm. This transaction represents one of the 10 largest capital raises for a Black-owned company over the last decade.
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