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Former Morgan Stanley Leader Launches Investment Firm

""Morgan Stanley's"":http://www.morganstanley.com/ former head of U.S. housing strategy, Oliver Chang, has formed an asset management firm targeting investments in the single-family rental market, recently co-founding ""Sylvan Road Capital, LLC"":http://www.sylvanroad.com/.

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The newly formed company from Chang, Robert Lee, Sarah Lee, and Gavin Kleinknecht expects to put more than $1 billion into the market during the next two years. Sylvan Road will kick off its investment strategy with an initial capital commitment from

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a private equity firm, which the company will use to acquire an estimated $300 million in single-family homes. Focusing on buying and renovating distressed properties, Sylvan Road will also strive to provide community-boosting benefits and enhanced employment opportunities in the neighborhoods where the company is investing.

""America is moving toward a rentership society, and I believe the opportunity to purchase and professionally manage single-family rental homes represents one of the most compelling investment opportunities across all asset classes,"" said Chang.

Chang, who will serve as Sylvan Road's managing director, led Morgan Stanley's activities in throughout the housing finance vertical while with the organization. His partners in Sylvan Road are the principals of Atlanta-based ""Delmar Realty Advisors"":http://www.investdelmar.com/faqs/, a company specializing in single-family rental homes across the Southeast.

""My partners have been in the single-family real estate business for nearly two decades and have built a best-in-class acquisition, renovation and management platform specifically designed for these properties,"" concluded Chang.

About Author: Abby Gregory

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