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Build-to-Rent

Hampton Meridian in Apache Junction, Arizona
ArizonaBuild-to-RentInvestment SalesNewsWestern

Institutional Property Advisors Arranges $56 Million Sale of Build-to-Rent Asset Near Phoenix

by Channing Hamilton

APACHE JUNCTION, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Hampton Meridian, a build-to-rent community in Apache Junction, 35 miles east of Phoenix. The asset traded hands for $56.5 million. Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the deal. Neither party’s identity was disclosed. Built in 2023, Hampton Meridian consists of 195 residences across 16 acres. The average unit size is 1,009 square feet. Residents have access to amenities such as a pool, …

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The Current at Watershed in Laurel, Maryland
Build-to-RentInvestment SalesMarylandNewsNortheast

Berman Enterprises Purchases Build-to-Rent Community in Laurel, Maryland, for $54 Million

by Channing Hamilton

LAUREL, MD. — Rockville, Maryland-based Berman Enterprises has purchased The Current at Watershed, a build-to-rent asset located at 3101 Runnel Lane in Laurel, roughly midway between Baltimore and Washington, D.C. Bethesda, Maryland-based Couloir Ventures sold the community to Berman Enterprises for $54 million. Ari Azarbarzin, Chris Doerr, Jack Brocato, Will Harvey, Shack Stanwick, Wallace Halpert and Anthony Pino of Northmarq represented the seller in the deal. Built in 2023, The Current at Watershed offers 97 three-bedroom townhomes. The average unit size is 1,407 square feet. Each residence features quartz countertops, stainless …

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Build-to-RentDevelopmentInvestment SalesNew MexicoNewsWestern

Paceline Acquires 17-Acres for Build-to-Rent Development in Santa Fe, New Mexico

by Channing Hamilton

SANTA FE, N.M. — Affiliates of Paceline Equity Partners LLC, a Dallas-based private equity manager, have acquired 17 acres of land for the development of a build-to-rent community in Santa Fe. Once completed, the property will feature 183 single-family rental homes. The unnamed development will be Paceline’s first partnership with Verdot Capital, the project’s developer. A construction timeline was not disclosed.

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Build-to-RentDevelopmentFloridaLeasing & MarketingNewsSoutheast

BB Living Opens 164-Unit Build-to-Rent Community Near Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — BB Living has opened Epperson Ranch, a 164-unit build-to-rent community located at 31921 Conchshell Sail St. in Wesley Chapel, roughly 25 miles north of Tampa. The complex offers three- and four-bedroom townhomes that range from 1,639 to 1,944 square feet. Amenities include a fitness center, pool and spa, dog park and walking trails. Epperson Ranch is the second community in Florida that BB Living has completed, with three more properties underway that are slated to open in 2025. 

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Rock Springs Duplexes in Round Rock, Texas
Build-to-RentInvestment SalesNewsTexas

RangeWater, Harbert Acquire 150-Unit Single-Family Rental Community Near Austin, Texas

by Channing Hamilton

ROUND ROCK, TEXAS — RangeWater Real Estate and equity partner Harbert US Real Estate have acquired Rock Springs Duplexes, a 150-unit single-family rental community located at 1338 Christopher Ave. in Round Rock, approximately 20 miles north of Austin. The seller and sales price were not disclosed.  Rock Springs Duplexes was built in two phases in 1985 and 1996. The unit mix includes 108 three-bedroom and 42 three-bedroom homes, which range from 968 to 1,280 square feet.  Each residence features an attached garage, driveway parking space and a fenced backyard. Units also …

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Build-to-RentDevelopmentFinanceMidwestNebraskaNews

Cavan Cos. Receives $87.5 Million in Construction Financing for Build-to-Rent Projects in Omaha, Nebraska

by Channing Hamilton

OMAHA, NEB. — Cavan Cos. has secured two construction loans totaling $87.5 million for the development of The Bungalows on Honeysuckle and The Bungalows at Whitehawk Lake, two build-to-rent (BTR) projects in Omaha. ORIX Corp. USA’s Real Estate Capital Group provided the financing. Timelines for completion were not disclosed. Combined, the two projects will feature 466 single-story homes in one-, two- or three-bedroom layouts. Each residence will include open floor plans, 10-foot ceilings, laundry rooms, walk-in closets and fenced back yards with artificial turf. Select homes will also have garages. Both communities will …

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Grover Landing in Warner Robins, Georgia
Build-to-RentDevelopmentFinanceGeorgiaNewsSoutheast

Parkland Residential Secures $57 Million Refinancing for Build-to-Rent Development in Warner Robins, Georgia

by Channing Hamilton

WARNER ROBINS, GA. — Parkland Residential has secured $57 million in financing for Grover Landing, a 317-unit build-to-rent development currently underway in Warner Robins, approximately 20 miles south of Macon, Georgia. The loan will be used to refinance the units that have already been completed at the community. Grover Landing offers two-, three- and four-bedroom residences. Amenities include a pool with a cabana, playground, pocket parks and a playfield, as well as yard maintenance, pest control, home repairs and appliances. Avi Kozlowski, Thomas Wayda and Dante Distefano of Greystone arranged …

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Cedar Ridge at Forest Lake in Davenport, Florida
Build-to-RentFinanceFloridaInvestment SalesNewsSoutheast

Berkadia Arranges $13.2 Million Acquisition Loan for 70-Unit Build-to-Rent Community Near Orlando

by Channing Hamilton

DAVENPORT, FLA. — Berkadia has arranged $13.2 million in acquisition financing for Cedar Ridge at Forest Lake, a 70-unit build-to-rent community located at 2860 Cedar Ridge Court in Davenport, approximately 40 miles southwest of Orlando.  Cedar Ridge at Forest Lake was recently built in 2023. The community offers three-, four- and five-bedroom single family units with integrated smart home technology, attached two-car garages, fenced backyards, stainless steel appliances and washers and dryers. Community amenities include pet-friendly spaces, a playground and pool. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and …

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Magnolia at Spring Hill in Spring Hill, Florida
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

JLL Capital Markets Arranges Construction Financing for 162-Unit Build-to-Rent Development in Metro Tampa

by Channing Hamilton

SPRING HILL, FLA. — JLL Capital Markets has arranged a $32 million construction loan for Magnolia at Spring Hill, a 162-unit built-to-rent community in Spring Hill, 40 miles north of Tampa, Florida. Agador Spartacus Development was the borrower. Magnolia at Spring Hill will offer two-bedroom flats and two- and three-bedroom townhome-style units with an average size of 1,144 square feet. Planned amenities include a pool, pickle and basketball courts, playgrounds, a fitness studio and outdoor kitchen. Development is expected to complete in late 2025. JLL arranged the non-recourse loan through a …

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Havens at Palm Bay in Palm Bay, Florida
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

Stellar, AARE Secure $52.7 Million Construction Loan for Build-to-Rent Community in Palm Bay, Florida

by Channing Hamilton

PALM BAY, FLA. — Stellar Communities and Adam America Real Estate have secured LP equity and a $52.7 million non-recourse construction loan for Havens at Palm Bay, a 266-unit build-to-rent project located in Palm Bay in Florida’s “Space Coast” region. Max La Cava, Pier Barinci and Shane Ciacci of JLL Capital Markets arranged the financing. Havens at Palm Bay will offer single-story units in one-, two- and three-bedroom floor plans. Planned amenities include a pool, clubhouse, children’s playground, dog park, self-storage and detached parking. The development is slated to complete in 2026. …

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