Wednesday, November 20, 2024
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Build-to-Rent

Oxenfree at Princeton in Princeton, Texas
Build-to-RentColoradoDevelopmentIllinoisMidwestNewsNorth CarolinaSoutheastTennesseeTexasWestern

Core Spaces Expands Build-to-Rent Brand, Plans 4,000-Unit Pipeline

by Channing Hamilton

CHICAGO — Core Spaces plans to expand its build-to-rent brand, Oxenfree. The Chicago-based developer currently has a pipeline of approximately 4,000 units under development in markets such as Dallas-Fort Worth, Denver, Nashville, Austin, Charlotte and Florida’s Gulf Coast. The company plans to begin leasing at its first two communities — Oxenfree at WeHo in Nashville, Tennessee, and Oxenfree at Princeton in Princeton, Texas — in March, with the first units slated to deliver by April. Oxenfree at WeHo is located in Nashville’s Wedgewood-Houston neighborhood. The asset offers 96 townhome units …

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LEO at Cypress Creek in San Antonio, Florida
Build-to-RentDevelopmentFloridaNewsSoutheast

Advenir Capital Underway on $93.5 Million Build-to-Rent Community in Tampa Suburb

by Channing Hamilton

SAN ANTONIO, FLA. — Advenir Capital is underway on the development of LEO at Cypress Creek, a $93.5 million build-to-rent community in the Tampa suburb of San Antonio. The property will comprise 315 units across a 40-acre site. Units will come in a mix of standalone cottages, duplexes and townhomes. Floor plans range from one bedroom and 728 square feet to three bedrooms and 1,510 square feet. Planned amenities include a pool, clubhouse, fitness center, internet lounge, Wi-Fi connectivity, green spaces and a pet wash station. Site work for the …

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The Everstead at Conroe in Conroe, Texas
Build-to-RentDevelopmentNewsTexas

Landmark Properties Breaks Ground on 190-Unit Build-to-Rent Community Near Houston

by Channing Hamilton

CONROE, TEXAS — Landmark Properties has begun constructing The Everstead at Conroe, a 190-unit build-to-rent development in the northern Houston suburb of Conroe. Landmark Properties will develop the project together with its joint venture partner, Open House Group Co. Landmark Construction is the general contractor. The Everstead at Conroe is situated on a 23.5-acre site. The community will offer a mix of 56 two-bedroom and 134 three-bedroom ranch homes and townhomes. Amenities will include a pool, dog park, playground, pickleball and bocce courts, 567 parking spaces and a 2,817-square-foot clubhouse …

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Adam Wolfson, CEO, Wolfson Development Co.
Build-to-RentFinanceFloridaIndustry VoicesOperationsSoutheast

Economic Forces Brew a Perfect Storm for Build-to-Rent

by Channing Hamilton

— By Adam Wolfson and Darryl Kasper of Wolfson Development Co. — Against a backdrop of recently proposed (though unlikely to pass) legislation aimed at forcing large build-to-rent (BTR) and single-family-rental investors to shed units and convert them to for-sale housing, BTR fundamentals — and the investment case for the sector — remain strong as ever. While debatably well-intentioned, the legislation mistakes correlation for causation. The BTR sector is indeed benefitting from problems in the housing market. However, these problems pre-dated the industry and are more likely caused by factors …

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Village of Chandler in Chandler, Arizona
ArizonaBuild-to-RentDevelopmentLeasing & MarketingNewsWestern

TruVista Development Begins Leasing 109-Unit Build-to-Rent Community Near Phoenix

by Channing Hamilton

SOUTH CHANDLER, ARIZ. — TruVista Development has begun leasing Village of Chandler, a 109-unit build-to-rent community in the Phoenix suburb of Chandler. Located at 6075 S. Gilbert Road, Village of Chandler features one-, two- and three-bedroom units. Amenities include a pool, dog park, outdoor workout stations, barbeque grills, walking trails, detached garages and private backyards with pet-friendly doors. The community is currently 33 percent leased and is managed by MEB Management Services.

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Build-to-RentDevelopmentLeasing & MarketingNewsPeople NewsTexas

Cushman & Wakefield Selects Jeremy Edmiston as Executive Director of U.S. BTR/SFR Sector

by Channing Hamilton

DALLAS — Cushman & Wakefield has promoted Jeremy Edmiston to the role of Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR). In this position, Edmiston will collaborate with Cushman & Wakefield’s Capital Markets and Debt teams to provide unified BTR/SFR end-to-end solutions to clients. He will be based in the firm’s Dallas office. 

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Build-to-RentDevelopmentGeorgiaNewsSoutheast

Parkland Communities Secures Zoning Approval for 124-Unit Build-to-Rent Development in Fayetteville, Georgia

by Channing Hamilton

FAYETTEVILLE, GA. — Parkland Communities has received zoning approval from the City of Fayetteville’s Planning & Zoning Commission the development of Morgan Park, a 124-unit build-to-rent community. Situated on 9.3 acres roughly 22 miles outside of Atlanta, Morgan Park will offer two- and three-bedroom townhome-style units. Each unit will include a clubhouse, pool, cabana and dedicated mail kiosk. Monthly rental rates at the community will begin at $2,400. A construction timeline for the project was not disclosed.

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Village at Golden Triangle in Fort Worth, Texas
Build-to-RentDevelopmentFinanceNewsTexas

Empire Group Breaks Ground on $72.8 Million Village at Golden Triangle in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Empire Group of Cos. has secured a $72.8 million loan to develop Village at Golden Triangle, a build-to-rent development roughly 14 miles north of downtown Fort Worth. Tower Capital arranged the financing. BBL Building Co. is the general contractor. The developer has broken ground on the community, which is slated for delivery in 2025. Village at Golden Triangle will consist of 317 units on a 29.7-acre site. Residences will come in one-, two- and three-bedroom layouts that range from 680 to 1,300 square feet in size. Planned …

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Build-to-RentDevelopmentNewsTexas

Wan Bridge Completes 127-Unit Build-to-Rent Project Near Dallas

by Channing Hamilton

WAXAHACHIE, TEXAS — Texas-based owner-operator Wan Bridge has completed Sonata Estates, a 127-unit build-to-rent project in the Dallas suburb of Waxahachie. The community offers three- and four-bedroom townhome residences. Units range in size from 1,612 to 1,854 square feet. Rents start at $2,250 per month. Amenities include a pool and splash pad, playground, outdoor sports courts, picnic areas and baseball fields. Residents also have access to onsite maintenance services and a walking path that connects to a nearby park.

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Farm Haus in San Antonio
Build-to-RentFinanceNewsTexas

JLL Capital Markets Arranges Refinance for 142-Unit Build-to-Rent Community in San Antonio

by Channing Hamilton

SAN ANTONIO — JLL Capital Markets has arranged the refinancing for Farm Haus, a 142-unit built-to-rent community in San Antonio. AHV Communities was the borrower. Matthew Putterman and John David Johnson led the JLL Capital Markets Debt Advisory team, which worked on behalf of the borrower to secure the four-year, fixed-rate loan through a life insurance company. Completed in 2022, Farm Haus offers units in two-, three and four-bedroom layouts. Units feature private yards, attached garages, smart home technology, stainless steel appliances and quartz countertops. Amenities include a lounge, community …

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