Janney Acted as Sole Lead Arranger in Strategic Acquisitions' Credit Facility Commitment from BlackRock
Affiliates of Strategic Acquisitions, Inc. (“SAI” or the “Company”) announced that they have secured a loan credit facility commitment from funds managed by affiliates of BlackRock, Inc. (“BlackRock”), a highly diversified global investment manager with approximately $6.44 trillion of assets under management. The Company intends to use the proceeds from the facility to finance the acquisition, renovation and sale of single-family residential investment properties.
About BlackRock, Inc.
BlackRock helps investors build better financial futures. As a fiduciary to clients, BlackRock provides the investment and technology solutions needed when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on behalf of investors worldwide
About Strategic Acquisitions, Inc.
Strategic Acquisitions, Inc. is a privately-owned, institutional-grade, vertically-integrated, single-family residential ("SFR") operating platform and asset manager focused on acquiring, renovating, leasing, selling and managing quality SFR investment properties. SAI has pursued a differentiated strategy in the SFR industry and generally targets assets in Southern California. SAI's senior management team previously established and led some of the largest institutionally-backed SFR groups, deploying over $2 billion of equity capital. SAI has acquired, renovated, tenanted and managed or sold approximately 11,000 homes over the course of 30 years. The Company has developed its own best-in-class, institutional-quality operating platform including highly-scalable, fully-integrated and proprietary IT systems and experienced acquisition, rehab, leasing and management teams consisting of over 180 employees and 400 dedicated on-site and off-site construction professionals. SAI is privately owned and controlled.