Source Capital ("Source"), through an affiliate fund, is pleased to announce its investment in Rent to Retirement ("RTR" or the "Company"), a real estate investment marketplace that connects individual investors with pre-vetted, turnkey rental property opportunities sourced from a national network of 50+ "build-to-rent" builders and property rehabbers. Source's SBIC fund provided debt and equity to support the acquisition of RTR by private equity sponsor Calidant Capital ("Calidant" or the "Sponsor").
RTR maintains a deep network of affiliated service providers, including lending partners, legal advisors, CPAs, insurance brokers, and property managers and seamlessly connects investors with these professionals to assist in the real estate investment process.
"We are excited to invest in this unique and growing platform and to partner, for the first time, with Calidant Capital" said Joe Rodgers, Managing Director at Source Capital. "We align closely with Calidant's hands-on and thoughtful approach toward investing and are looking forward to working collaboratively with Calidant and the management team to support the Company's next phase of growth."
About Calidant Capital
Actively investing since 2016, Calidant Capital is a Texas-based, lower middle market private equity firm that focuses its efforts primarily on services businesses across a variety of industries. Calidant was founded to provide an operator-first, investor-second private equity solution for business owners looking for a true partner. For more information, please visit the firm's website at www.calidantcapital.com.
About Source Capital, LLC
Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com.
About Rent To Retirement
Headquartered in Denver, CO and founded in 2017, Rent to Retirement strives to simplify and expand access to real estate investing for retail investors across the nation. RTR has cultivated an interactive, value-added, educational and mentorship platform for its members, providing them with expert guidance, exclusive investment opportunities, and financial literacy tools. The combination of the Company's marketplace, affiliate network, and member community all serve to help investors generate passive income and create financial freedom. For more information, please visit the Company's website at www.renttoretirement.com.