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Build-to-Rent

Cottages at Leon Creek in San Antonio
Build-to-RentFinanceInvestment SalesNewsTexas

JLL Capital Markets Brokers Sale of 284-Unit Build-to-Rent Community in San Antonio

by Channing Hamilton

SAN ANTONIO — JLL Capital Markets has arranged the sale and financing of Cottages at Leon Creek, a 284-unit build-to-rent community in San Antonio. Located at 12839 Berthoud Ln., Cottages at Leon Creek was originally built as a student housing asset. The property has since been repositioned as a single-family rental community. Cottages at Leon Creek now offers two-, three- and four-bedroom units. Select units feature fenced-in private yards. Amenities include a pool, fitness center, pickleball court, private workstations and a cinema. The asset also offers direct access to the …

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Oxenfree at WeHo in Nashville, Tennessee
Build-to-RentFeaturesMidwestNortheastSoutheastTexasWestern

Strong Tenant, Investor Demand Ensures Build-to-Rent Model Is Here to Stay

by Channing Hamilton

Empty nesters and millennials with children are increasingly drawn to new subdivisions of build-to-rent (BTR) houses for lifestyle and financial reasons. These professionally managed BTR homes come in many shapes and sizes.  For a growing family, a new three- or four-bedroom rental house might be the ideal fit. Renters who don’t need a lot of space, but who value private parking and a modest backyard, can move into a one- or two-bedroom cottage-style home.  These properties provide more living space and privacy than a typical apartment and at a more …

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ArizonaBuild-to-RentDevelopmentNewsWestern

Trilogy Investment Co., Cimbra Partners Break Ground on 84-Unit Build-to-Rent Project in Avondale, Arizona

by Channing Hamilton

AVONDALE, ARIZ. — Trilogy Investment Co. and Cimbra Partners LLC have commenced site development at Rêve at Encanto West, a build-to-rent project comprising 84 townhomes in the Phoenix suburb of Avondale. Residences will come in three-bedroom layouts and feature two and half bathrooms, flexible space for a bedroom or office, stainless steel appliances, granite countertops and garages. Amenities will include a clubhouse with grilling stations and a pool.

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Build-to-RentDevelopmentNewsTexas

Tower Capital Arranges $47.4 Million Construction Loan for Build-to-Rent Development in New Braunfels, Texas

by Channing Hamilton

NEW BRAUNFELS, TEXAS — Tower Capital has arranged a $47.4 million construction loan for the development of Village at Mayfair, a 217-unit build-to-rent project in the San Antonio suburb of New Braunfels. The non-recourse loan features a three-year term. The community will span 20 acres and offer amenities such as a fitness center, car care station, BBQ grills, and central pool and clubhouse. Units will average 1,023 square feet and include private yards or patios. A construction timeline for the project was not disclosed.

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Banyan Kingsland Heights in Katy, Texas
Build-to-RentInvestment SalesNewsTexas

JLL Capital Markets Brokers Sale of 97-Unit Build-to-Rent Community in Katy, Texas

by Channing Hamilton

KATY, TEXAS — JLL Capital Markets has completed the sale of Banyan Kingsland Heights, a 97-unit build-to-rent development in the Houston suburb of Katy. Matthew Putterman, Jim Humphries, Daniele Colbertaldo and Rhett Robins led the JLL Capital Markets Investment Sales and Advisory team representing the seller, Banyan Residential, in the deal. The buyer was not disclosed. Banyan Kingsland Heights was completed in 2021. The project offers single family homes in three- or four-bedroom layouts across 27 acres. Homes average 1,876 square feet in size and feature two-car garages, privacy fencing, …

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Poplin Glen in Charlotte, North Carolina
Build-to-RentDevelopmentFinanceNewsNorth CarolinaSoutheast

Tower Capital Arranges $19.1 Million Refinancing for Build-to-Rent Community in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Tower Capital has arranged a $19.1 million loan for the refinancing of the first phase of Poplin Glen, a 268-unit build-to-rent project in the Charlotte. The borrower was a real estate investment company headquartered in Arizona. The loan replaced a bridge loan that Tower Capital arranged in July 2021 to facilitate the acquisition of the townhomes at certificate of occupancy with the intention to lease all the units. The initial phase of Poplin Glen comprises 99 units and was completed in 2021 and 2022. The community offers …

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Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Redwood Living Underway on 154-Unit Build-to-Rent Community in Hickory, North Carolina

by Channing Hamilton

HICKORY, N.C. — Ohio-based developer Redwood Living is underway on Redwood Hickory, a 154-unit build-to-rent community in Hickory, 59 miles northwest of Charlotte. Residences will come in two-bedroom layouts ranging from 1,294 to 1,381 square feet. Units will feature vaulted ceilings, bonus living space, attached two-car garages, washer and dryer hookups, full-size appliances and patios. Monthly rents start at $2,099 per month. A construction timeline for the project was not disclosed.

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Carol Nelson Mountain Region Asset Living headshot and quote from article
Build-to-RentColoradoContent PartnerDevelopmentFeaturesIdahoIndustry ContentLeasing & MarketingMontanaNorth DakotaSouth DakotaUtahWesternWyoming

New Supply Tests the Mountain States’ Multifamily Markets

by Sarah Daniels

Population growth in the Mountain states over the last several years has fueled historic apartment construction across Colorado and Utah. The activity has created some supply overhang in the Denver and Salt Lake City markets in particular, but continuing in-migration, housing shortages and the high cost of home ownership could sustain their resiliency, say two of Asset Living’s newest executives in the region. Based in Houston, Asset Living manages assets valued at $55 billion nationwide, including more than 1,750 apartment properties in addition to student, affordable and single-family build-to-rent housing. …

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The Meadows at Berkeley Ridge in Martinsburg, West Virginia
BerkadiaBuild-to-RentInvestment SalesNewsSoutheastWest Virginia

Berkadia Brokers Sale of 148-Unit Build-to-Rent Community in Martinsburg, West Virginia

by Channing Hamilton

MARTINSBURG, W.VA. — Berkadia has arranged the sale of The Meadows at Berkeley Ridge, a 148-unit build-to-rent (BTR) complex located at 368 Pineda Lane in Martinsburg. The buyer was a joint venture between DSP Real Estate Capital and Rockbridge Investment Group. The sales price and seller were not disclosed. Brett Moss, Tyler Swidler, Drew White, Carter Wood and Cole Carns of Berkadia brokered the deal. Additionally, Phil Branigan, Miles Drinkwalter and Natalie Revers of Berkadia originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer. The Meadows …

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Build-to-RentDevelopmentNewsNorth CarolinaSoutheast

Stark Enterprises Breaks Ground on Build-to-Rent Community in Bolivia, North Carolina

by Channing Hamilton

BOLIVIA, N.C. — Stark Enterprises, in collaboration with its affiliated companies Stark Living and Arbor Construction, has begun constructing Oak Harbor Village, a 23-acre build-to-rent community in Bolivia, 22 miles southwest of Wilmington, North Carolina. The asset will offer 130 ranch-style and townhome units. Units will come in one- to three-bedroom floor plans. Planned amenities include a clubhouse, fitness center, dog park, playground, pool, sundeck, grilling stations and entertainment areas. The project is slated to complete in the summer of 2025, with pre-leasing slated to begin several months beforehand.

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