Colony American Finance Acquires $165 Million Loan Portfolio and Forms Strategic Partnership with Auction.com

SANTA MONICA, Calif.--()--Colony American Finance (“CAF”) announced today it has completed the acquisition of a $165 million portfolio of acquisition lines secured by single family homes from Archetype Credit Opportunity Fund, LP, a private money lender backed by the original investors in Auction.com. Auction.com is the nation’s leading online real estate marketplace, having sold more than $26 billion in residential and commercial assets. CAF has concurrently entered into a strategic partnership with Auction.com to continue providing financing to the Auction.com buyer base. The employees dedicated to the Archetype portfolio will be joining CAF.

“As we look for ways to bring more capital to the Auction.com marketplace, we are thrilled to add Colony American Finance as one of our strategic partners”

“We are excited to provide financing and the same high level of service to the Auction.com buyer base and to offer borrowers new products across more jurisdictions,” said CAF President Beth O’Brien. “This is both a strategic acquisition and partnership that will strengthen our relationship with Auction.com.”

“As we look for ways to bring more capital to the Auction.com marketplace, we are thrilled to add Colony American Finance as one of our strategic partners,” said Jeff Freiden, CEO of Auction.com. “We expect to do a lot more together across the platform.”

Colony American Finance provides acquisition financing lines and loans for investor-owned single family rental portfolios. CAF is the single family lending unit of Colony American Homes (“CAH”), a market leader in the acquisition, ownership, renovation, leasing and management of single-family residential homes in the United States.

About Colony American Finance

Colony American Finance (www.colonyamericanfinance.com) makes commercial loans to investors of tenant-occupied single-family rental properties and lines of credit to investors who acquire single family homes. Based in Santa Monica, CA, the firm provides financing products to meet the specific needs of single-family rental investors across the United States.

About Colony American Homes

Colony American Homes (www.colonyamerican.com) is a market leader in the acquisition, ownership, renovation, leasing and management of single-family residential homes in the United States. CAH owns and manages over 18,000 homes for rent in Arizona, California, Colorado, Florida, Georgia, Nevada, North Carolina, Tennessee, and Texas. CAH was formed in 2012 by Colony Capital, a leading global real estate investment firm that has approximately $20 billion of assets under management and has invested approximately $60 billion in real estate since its founding in 1991.

About Auction.com

Auction.com, LLC, is the nation’s leading online real estate marketplace. Founded in 2007, the company has sold over $26 billion in residential and commercial real estate assets. Auction.com has over 900 employees and headquarters in Irvine and Silicon Valley, California as well as offices in Austin and Plano, Texas, Atlanta, Denver, New York and Miami. Visit Auction.com for more information.

Contacts

Colony:
Owen Blicksilver Public Relations, Inc
Caroline Luz, 203-656-2829
caroline@blicksilverpr.com
or
Auction.com
The Hoyt Organization
Kent Barrett, kbarrett@hoytorg.com
Katherine Lambert, klambert@hoytorg.com
310-373-0103

Release Summary

Colony American Finance Acquires $165 Million Loan Portfolio and Forms Strategic Partnership with Auction.com

Colony American Finance