Peninsula Capital Corp., a Canadian real estate investment firm specializing in single-family residential rental housing, has acquired a portfolio of 959 single-family rental (SFR) units across four high-growth U.S. markets in the Midwest, including Kansas City, St. Louis, Indianapolis, and Columbus.
Prior to the acquisition, Peninsula owned 1,168 units in Buffalo, New York, Rochester, New York and Cleveland, Ohio. “The Midwest U.S. offers attractive fundamentals—affordable housing, job stability, and high rental demand—which complement our data-driven investment approach,” said Mike Appelton, Chief Executive Officer of Peninsula Capital Corp.
The newly acquired portfolio consists of a mix of two-, three- and four-bedroom units with an average size of approximately 1,100 square feet per unit. The properties are stabilized with strong in-place occupancy and are projected to generate immediate cash flow. With this latest investment, Peninsula Capital Corp. now owns and operates over 2,200 single-family rental units across the Northeast and Midwest in the United States.
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