 ATLANTA SAN FRANCISCO--BUSINESS WIRE--The Promise Homes Company TPHC, one of the largest minority-led owners of institutional-quality, single-family residential rental property in the United States that serves working-class and middle-class communities announced today that First Republic Bank NYSE: FRC, a leading private bank and wealth management company, has made a multi-million dollar purchase of Preferred Units. The proceeds in part will be utilized to evaluate new investments in si 