Build-to-Rent

Village at Pioneer Park in Peoria, Arizona.

Empire Group Secures $120.5 Million in Financing for Two BTR Communities Near Phoenix

by Channing Hamilton June 9, 2023

PEORIA AND GLENDALE, ARIZ. — Empire Group has secured $120.5 million in financing for two build-to-rent (BTR) communities in the Phoenix metropolitan area. Kyle McDonough and George Maravilla of Tower Capital arranged the financing on both deals. The Scottsdale, Arizona-based developer received a $78.5 million bridge loan to refinance Village at Pioneer Park, a 332-unit BTR community in the northwestern Phoenix suburb of Peoria. Built in 2022, the community includes amenities such as a clubhouse, pool, fitness center, pet wash station and dog park. Empire Group also received $42 million …

June 9, 2023

Build-to-Rent Company News Development Midwest News Southeast Texas

Core Spaces Launches Build-to-Rent Brand, Plans 8,000-Unit Pipeline

by Lynn Peisner May 1, 2023

CHICAGO — Core Spaces, a Chicago-based developer that was founded in 2010 and specializes primarily in student housing, is debuting a build-to-rent brand called Oxenfree. The company also operates out of an Austin, Texas, office. The first two projects will be developed in Princeton, Texas, and Nashville, Tennessee, and will be completed by approximately 2024. Oxenfree properties will also be constructed in Denver, Dallas, Austin and San Antonio, Texas, Tampa and Orlando, Florida, Charlotte and Raleigh, North Carolina, and Chicago. The communities will be developed as single-family and townhome-style dwellings. The …

May 1, 2023

Build-to-Rent Florida Investment Sales News Southeast

Resibuilt Acquires 190-Unit BTR Development Site Near Tampa

by Channing Hamilton April 11, 2023

WESLEY CHAPEL, FLA. — Resibuilt has acquired GroveParc Townhomes, a 48-acre development site in the northeast Tampa suburb of Wesley Chapel. Max La Cava, Zach Nolan and Manny de Zarraga of JLL Capital Markets represented the seller, an investment group from south Florida called Blue Pointe Builders. Resibuilt will build a 190-unit BTR community called GroveParc Townhomes, which will offer three- and four-bedroom townhomes with garages. GroveParc Townhomes is expected to be completed in January 2025.

April 11, 2023

A white single-family home with black accents.

Build-to-Rent Industry Voices Midwest Northeast Southeast Texas Western

Why Build-to-Rent is a Win-Win Situation for Renters, Investors

by Channing Hamilton April 3, 2023

— By Adam Wolfson, CEO and CIO, Wolfson Development Co. — The nation’s decades-long housing shortage and the recent rise of the build-to-rent (BTR) sector are inextricably linked. Although some may debate that one is caused by the other — or at least made worse — the important point is that the BTR industry was born out of the housing crisis. The socioeconomic implication of homebuying versus renting may inspire an interesting debate, but it’s not germane to the essential fact that the United States does not have enough housing to …

April 3, 2023

Build-to-Rent Development News Texas

TruLife Communities, Advenir Oakley Capital Break Ground on BTR Project Near Fort Worth

by Channing Hamilton March 9, 2023

WEATHERFORD, TEXAS — TruLife Communities and Advenir Oakley Capital have started construction on LEO at Bethel Place, a 200-unit build-to-rent (BTR) development in Weatherford, which is 30 miles west of Fort Worth, Texas. TruLife Construction, an affiliate of TruLife Communities, is the general contractor. The community was designed by Gaylen Howard Laing Architects of Arlington, Texas, and will be managed by Advenir Living. LEO at Bethel Place is expected to be completed by December 2024, with the first units delivering in the fourth quarter of 2023. Monthly rentals rates are …

March 9, 2023

Rendering of Mosby Avalon Park near Tampa

Build-to-Rent Development Florida News Southeast

Middleburg Communities Buys Land, Breaks Ground on Two Tampa Projects Totaling $165 Million

by Lynn Peisner March 7, 2023

WESLEY CHAPEL, FLA. — Middleburg Communities has closed on two land parcels for two development projects in Wesley Chapel, about 25 miles northeast of Tampa, Florida. Mosby Avalon Park will be a 338-unit multifamily community, and Hamlet Avalon Park is a build-to-rent (BTR) project with 260 single-family homes, duplexes and townhomes. Construction will begin immediately on Mosby. Middleburg expects to break ground on Hamlet Avalon Park by approximately the second quarter of this year. The Mosby portion of the development is $85.5 million, and Hamlet Avalon Park will cost $79.5 …

March 7, 2023

Arkansas Build-to-Rent Development Southeast

ITEX Will Develop Cinema-Themed BTR Project in Fayetteville, Arkansas

by Lynn Peisner February 24, 2023

FAYETTEVILLE, ARK. — The ITEX Group and Time Warp Enterprises have released plans for The Aronson, a build-to-rent (BTR) project in Fayetteville that will be anchored by a new moviegoing concept from Austin, Texas-based Alamo Drafthouse Cinema. The 214 units will be available as single-family, duplex or triplex configurations. Amenities will include a clubhouse, fitness center, pool, playgrounds, dog parks and bike parking. The project is anticipated to deliver by 2024. The Aronson will be home to Alamo Drafthouse Cinema + Drive-In, developed via a partnership among Catchlight Entertainment, the …

February 24, 2023

A rendering of an aerial view of Chisholm Trail Ranch, a rental neighborhood with six sections.

Build-to-Rent Development News Texas

Avanta Residential Breaks Ground on 247-Unit BTR Project in Fort Worth, Texas

by Channing Hamilton February 22, 2023

FORT WORTH, TEXAS — Avanta Residential has broken ground on Avendale at Chisholm Trail Ranch, a build-to-rent (BTR) community in Fort Worth. Avendale at Chisholm Trail will comprise 247 one-, two-, three- and four-bedroom units. The community will also feature an amenity center with a clubroom, fitness center, green spaces and a pool. Other amenities include courtyards, lounge areas, dog parks, walking trails and playgrounds. The first units at Avendale at Chisholm Trail Ranch will be delivered in Spring 2024. Brownstone Construction will serve as the general contractor for the project. Avanta …

February 22, 2023

Farm Haus, AHV's new BTR property in San Antonio

Build-to-Rent Development News Texas

AHV Communities Completes 142-Unit Build-to-Rent Project in San Antonio

by Lynn Peisner February 14, 2023

SAN ANTONIO — Locally based single-family rental developer AHV Communities has completed its latest project in San Antonio, called Farm Haus. The duplex-style property includes 142 units available in two-, three- and four-bedroom floor plans. All units include two-car garages and fenced yards, as well as unit features such as quartz countertops; stainless steel, energy-efficient appliances; smart home technology and walk-in closets. Farm Haus’s 2,991-square-foot amenity building includes a fitness center, a kitchen, conference room and great room. Other community amenities include bocce courts, walking trails and a dog park.

February 14, 2023

A 3D render of a white building with black roofing and a pool behind it.

Build-to-Rent Company News Development Texas

The Dinerstein Companies Launches Build-to-Rent Brand

by Channing Hamilton January 27, 2023

HOUSTON — Houston-based developer The Dinerstein Companies (TDC) has launched a build-to-rent (BTR) brand called Inspire Homes. TDC has broken ground on its first two Inspire Homes projects, one in Wildwood, Florida, and the other in Missouri City, Texas. The 192-unit project in Wildwood, approximately 51 miles from Orlando, will be made up of duplexes. The homes will have fenced backyards and detached garage parking. Floor plans will be available in one-, two- and three-bedroom layouts ranging from 685 square feet to 1,445 square feet. The development in Missouri City, …

January 27, 2023

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