Taylor Morrison Home Corporation and Kennedy Lewis Investment Management (KLIM) announced a new land and construction financing facility agreement. This facility provides $3 billion in capacity dedicated to existing and new land opportunities, land development, and construction costs for Taylor Morrison's build-to-rent brand, Yardly. This significant capital infusion supports a key strategic growth area for the company.
The agreement with KLIM, an alternative investment manager with approximately $30 billion in assets under management, enhances Taylor Morrison's financial flexibility. This capital will enable the company to accelerate the expansion of its Yardly brand, which focuses on the growing build-to-rent sector.
This financing facility is expected to bolster Taylor Morrison's ability to execute its asset-light land strategy and expand its diversified portfolio. It provides the necessary resources to meet the demand for rental housing and capitalize on market opportunities in the build-to-rent segment.
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