STAC Capital Management Closes Model Home Portfolio Financing with Davidson Homes

Share Article

STAC Capital Management (“STAC”) today announced the first closing of a model home sale-leaseback program with Davidson Homes. STAC was formed by industry veterans earlier this year to focus on residential financing opportunities, including model home purchases, and a goal to purchase or finance over $1 billion in residential real estate assets.

“We are excited to expand our portfolio of homes in the fast growing southeast markets of the United States,” said Edward Steffelin, President, STAC. “With this purchase we continue to grow a high quality portfolio focused on revenue generation and significant levels of credit protection."

STAC Capital Management (“STAC”) today announced the first closing of a model home sale-leaseback program with Davidson Homes. STAC was formed by industry veterans earlier this year to focus on residential financing opportunities, including model home purchases, and a goal to purchase or finance over $1 billion in residential real estate assets.

As part of its expanding real estate portfolio, on November 30, 2018, STAC closed a model home “sale-leaseback” transaction with Davidson Homes. In the transaction, STAC purchased the first tranche of model homes from Davidson Homes and simultaneously entered into lease agreements allowing Davidson Homes to utilize the home as sales offices for up to three years. The agreement allows Davidson Homes to obtain attractive growth capital while reducing its exposure to fluctuations in housing prices. The portfolio will ultimately have 17 model homes throughout Alabama, North Carolina, and Tennessee.

“We are excited to expand our portfolio of homes in the fast growing southeast markets of the United States,” said Edward Steffelin, President, STAC. “With this purchase we continue to grow a high quality portfolio focused on revenue generation and significant levels of credit protection."

Steffelin continued, "Davidson Homes’ strong management and high caliber portfolio made this portfolio an ideal candidate for our program. STAC will continue to provide this solution to select homebuilders allowing each to reduce risk and retain more growth capital. Recent price volatility in housing makes this option even more attractive for homebuilders.”

“STAC moved quickly and decisively, providing us with additional capital and flexibility, and we expect to have a relationship with them for years to come,” stated Adam Davidson, CEO of Davidson Homes.

STAC Capital’s senior management average over 20+ years of industry experience. As part of its investment strategy, STAC will offer select builders the opportunity to sell and leaseback portfolios of model homes. In 2018 STAC began to partner with a number of institutional capital sources to offer these homebuilders over $1 billion in growth capital.   Please see http://www.staccap.com for more details.

About Davidson Homes:
In 2009, Adam Davidson’s vision of starting a home building company focused on quality, personalization and superior value came to reality. Adam’s commitment to building the best team of employees has positioned Davidson Homes as a local leader in the home building industry. Adam and his team are paving the way for his vision by focusing on ideally located communities, continuously improving home plans/choices and renowned trade partners. "We want to provide customers with the choice to personalize their quality home at a value not found anywhere else.” For more information, visit the website at http://www.davidsonhomesllc.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Rick Abbruzzese
Visit website