Build-to-Rent

Harmony-at-Clear-Creek-Shawnee
Build-to-RentDevelopmentFinanceKansasMidwestNews

MCP, Bluerock Break Ground on Kansas City BTR Development

by Lynn Peisner

SHAWNEE, KAN. — Material Capital Partners (MCP) has secured $77.8 million in financing and begun construction on Harmony at Clear Creek, a 188-unit build-to-rent (BTR) community in Shawnee, 12 miles southwest of Kansas City, Kansas. Bluerock is MCP’s financial partner on the project. Bank OZK provided the construction loan, and Winchester Commercial Group is the general contractor. In addition to the loan, MCP is using equity from its BTR Development Fund I, which also is a funding source for two other BTR projects in the pipeline: Indigo Cove, an 83-unit …

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Canvas-at-Woodbury
Build-to-RentInvestment SalesMidwestMinnesota

Watermark, PCCP Sell Two BTR Properties in Minneapolis Metro

by Lynn Peisner

WOODBURY, MINN. — A joint venture between Watermark and PCCP has sold two build-to-rent communities in Woodbury, 23 miles east of Minneapolis. The sales price and the identity of the buyer were not disclosed. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the sellers, who are the properties’ original developers, in the transaction. Canvas at St. Croix is located at 11483 Crestbury Drive. Completed in 2024, the 89 units feature attached garages, and amenities include a clubhouse, multipurpose room and a resort-style pool. The 81-unit Canvas at Woodbury, located …

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Atlantic-St-Thomas-Charleston
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Middlestreet, Singerman Announce Charleston BTR Project

by Lynn Peisner

CHARLESTON, S.C. — Middlestreet Partners and Singerman Real Estate are developing Atlantic St. Thomas, a 71-unit, build-to-rent project in Daniel Island, a planned community and neighborhood located in Charleston. Middlestreet is a Charleston-based multifamily investment and development company, and Singerman is a Chicago-based real estate investment firm. Construction will begin in early 2026. First move-ins are expected by spring 2027. Middle Street Construction will serve as the development’s general contractor. Other partners include Sitecast as civil engineer, Cissell Design Studio as conceptual designer and land planner, Studioforme as landscape architect …

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Whitman-Villas
Build-to-RentDevelopmentIndianaMidwestNews

EPM Breaks Ground on Whitman Villas

by Lynn Peisner

GREENFIELD, IND. — Locally based developer Equity Property Management (EPM) has broken ground on Whitman Villas, the second residential development in Hancock Gateway Park, a 200-acre, $460 million master-planned, mixed-use development in Greenfield, 25 miles west of Indianapolis. The project is named in honor of poet Walt Whitman and will consist of 108 rental townhomes offered in two- or three-bedroom floor plans. Completion is slated for spring 2026. Whitman Villas amenities will include a pickleball court, a clubhouse, fitness and business centers, a resort-style pool, grilling and gathering areas and …

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Villas-of-Torino
Build-to-RentDevelopmentFloridaNewsSoutheast

13th Floor Completes Two Florida BTR Projects

by Lynn Peisner

PORT ST. LUCIE, FLA. — 13th Floor Homes has completed development of two rental townhome communities in Port St. Lucie, Villas of Torino and Tredici at Central Park. The two projects are within 12 miles of each other. Located at 5600 NW Coventry Circle, Villas of Torino includes 126 townhomes with amenities that include a resort-style pool with cabanas and lake views. Homes range from three- to four-bedroom floor plans. All units feature two-car garages, private driveways and backyards. The community is 75 percent leased. Monthly asking rents range from …

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Tricon-Simpsonville
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Tricon Breaks Ground on South Carolina BTR Project

by Lynn Peisner

SIMPSONVILLE, S.C. — Tricon Residential has broken ground on Tricon Simpsonville, a 93-unit, build-to-rent community in Simpsonville, 12 miles south of Greenville, South Carolina. The property will consist of three-bedroom townhomes with two-car garages, fenced front yards, quartz countertops and wood-style flooring. Each unit will feature smart-home technology such as automatic thermostat control, keyless entry and leak-detection sensors. Amenities include a pool, firepit, pond, playground, dog park, amphitheater, and pickleball and tennis courts. Residents also will have access to a resource called Tricon Vantage, which includes a credit-building program, down …

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Royal-Palms-Main-Street
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

Ceiba Groupe Receives $40.2 Million Construction Loan for Jacksonville Project

by Lynn Peisner

JACKSONVILLE, FLA. — Ceiba Groupe, a Fort Lauderdale-based developer, has received a $40.2 million construction loan for Royal Palms Main Street, a community in Jacksonville that is slated for completion in the first quarter of 2027. JLL arranged and Crestline Investors originated the loan. The 227-unit community Royal Palms Main Street will feature 168 elevator-serviced, garden-style apartments and 59 townhomes. Units will be offered as one- and two-bedroom apartments and three- and four-bedroom townhomes. Amenities include a clubhouse, a pool, fitness center, a dog park and spa, a playground, climate-controlled …

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LEO-Jamestown
Build-to-RentDevelopmentNewsSouth CarolinaSoutheast

Advenir Oakley Capital, Capstone Building Complete $78 Million South Carolina BTR Project

by Lynn Peisner

GREER, S.C. — Developer Advenir Oakley Capital and general contractor Capstone Building Corp. have completed construction of LEO Jamestown, a $78 million build-to-rent (BTR) development in Greer, 12 miles northeast of Greenville, South Carolina. LEO Jamestown includes 296 units offered as one-, two- or three-bedroom floor plans. Amenities include a resort-style pool, a pool house, clubhouse, a fitness center and outdoor green spaces. Advenir Azora is managing the property.

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ArizonaBuild-to-RentDevelopmentNewsWestern

NexMetro Opens Its 22nd Phoenix BTR Project

by Lynn Peisner

PHOENIX — NexMetro has opened Avilla Vista Norte in Phoenix. The 191-unit build-to-rent community is NexMetro’s 22nd development in metro Phoenix, with four additional projects currently under construction in the area.  Avilla Vista Norte offers one-, two- and three-bedroom detached, single-level homes with private backyards and front porches. Amenities at the gated community include storage units, covered parking areas, an electric-vehicle charging station, a resort-style pool and spa, outdoor kitchen and lounge areas, a dog park and dog-washing station, walking paths and open spaces. The community does not place breed …

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Magnolia-at-Powell
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

Agador Spartacus Receives $26 Million Loan for Magnolia at Powell

by Lynn Peisner

WILDWOOD, FLA. — Agador Spartacus has secured a $26 million take-out bridge loan on existing construction debt used to build Magnolia at Powell in Wildwood. The Aventura, Florida-based developer completed the build-to-rent project in January. JLL Capital Markets arranged the financing with a team led by Managing Director Max La Cava, Senior Managing Director Melissa Quinn, Vice President Rob Rothaug and Analyst Jade Starkey. The funding provider of the loan was not disclosed. Magnolia at Powell is located adjacent to The Villages active adult community and features one-, two- and …

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