Madison has agreed to commit up to $150 million in strategic growth capital to REI Nation, a vertically integrated single-family rental (SFR) operator with over 7,600 homes under management. Madison’s strategic growth investment will provide additional resources to REI Nation as the Memphis-based firm looks to expand its existing capabilities while seeking to take advantage of dislocations in the current SFR market.
A privately held company, REI Nation has a 20-year history of operating in the SFR space. Under the leadership of Kent Clothier, Sr., Chris Clothier and Brett Clothier, REI Nation has acquired, renovated, and sold over $1.7 billion of SFR homes across 13 Southeastern and Texas markets to private investors, while continuing to provide further ongoing property management services as part of its fully vertically integrated turnkey investor experience.