The Promise Homes Company acquires and operates institutional-quality single-family rental homes with a focus on working-class and middle-class communities. Launched in May 2017 and led by CEO John Hope Bryant, the company pairs affordable housing with financial-empowerment services for residents, including free credit counseling through partner Operation HOPE. Promise Homes prioritizes contracting with local, minority-owned vendors, with contracting currently running at more than 60% of all vendor contracts. The company uses rental operations to support local job creation and improve residents’ long-term financial stability. Recent capital will be used to evaluate and pursue new single-family rental investments across the Southeast U.S., primarily greater Atlanta. Launched in May 2017 and headquartered in Atlanta, Promise Homes is a single-family residential rental property asset manager that acquires and operates institutional-quality homes. The company pairs rental housing with free financial and economic support services through a contract with Operation HOPE. Promise Homes emphasizes partnerships with local, minority-owned small businesses for property maintenance to support local job creation. It positions itself as one of the largest minority-controlled owners of institutional-quality single-family rental homes in the U.S. Leadership includes CEO John Hope Bryant and COO/Managing Partner Jason Stewart. The company plans to expand its portfolio into lower- and middle-income urban and suburban communities across the U.S.

Total raised

$130M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2017