A joint venture has been formed between $6 billion private credit specialist Atalaya Capital Management and California-based Seashine Capital to co-invest up to $250 million in residential real estate and leases originated under Seashine’s Real Estate Acquisition Lease (REAL) Program.
REAL was launched in 2019 and is a single-family lease-ownership (lease-option) product that is an alternative to a traditional mortgage in that it allows customers to have 100% of the appreciation associated with homeownership thorough an option to purchase. Customers choose the home they want with a combined cash offer and . . .
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