Friday, November 22, 2024
Read the Digital Magazines Subscribe to the Newsletter

Build-to-Rent

An unnamed build-to-rent community in Wendell, North Carolina
Build-to-RentInvestment SalesNewsNorth CarolinaSoutheast

Barings, Foulger Pratt Purchase Build-to-Rent Community Underway Near Raleigh for $50 Million

by Channing Hamilton

WENDELL, N.C. — A joint venture between Barings and Foulger Pratt has purchased a build-to-rent community currently under construction in the Raleigh suburb of Wendell. The undisclosed seller and developer sold the unnamed project for $50 million. This acquisition brings Foulger Pratt’s BTR portfolio to 700 homes and approximately $250 million in investment across North Carolina and Maryland. Situated on 39 acres, the 172-unit property will consist of 89 townhomes and 83 single-family rental homes. The initial deliveries of homes are expected to be available for lease in the first …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaBuild-to-RentDevelopmentNewsWestern

Mosaic Begins Demolition of Two-Acre Site for 40-Unit Build-to-Rent Community in Phoenix

by Channing Hamilton

PHOENIX — Mosaic has begun demolishing a vacant commercial lot at 2920 N 56th Street in Phoenix to develop a new build-to-rent community called 56 at Arcadia. The developer, Hawkins Development, selected Mosaic as the general contractor for the project. Mosaic is overseeing all aspects of construction, including demolition, land development, and vertical construction. 56 at Arcadia will comprise 40 townhome units on a two-acre site. Units will come in two- and three-bedroom floor plans with garages and covered patios. The community will also include amenities such as a ramada …

Continue Reading
0 FacebookTwitterLinkedinEmail
Build-to-RentDevelopmentInvestment SalesNewsSouth CarolinaSoutheast

TruAmerica Multifamily Plans $86 Million Build-to-Rent Project Near Spartanburg, South Carolina

by Channing Hamilton

INMAN, S.C. — TruAmerica Multifamily has purchased a 33-acre site in the Spartanburg suburb of Inman to develop Hartley View, an $86 million build-to-rent community. Brad Morris of New Deco Inc. represented the seller, Converse Development, in the land sale. Hartley View will offer a total 281 units, including 214 townhome units and 67 detached single-family residences. Amenities will include a pool, dog parks, playgrounds, community parks and four acres of open wooded and recreation spaces. TruAmerica Multifamily plans to begin horizontal construction at the site in summer 2024 and …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Village at Golden Triangle in Fort Worth
Build-to-RentDevelopmentFinanceNewsTexas

Tower Capital Arranges $72.9 Million in Construction Financing for Build-to-Rent Project in Fort Worth

by Channing Hamilton

FORT WORTH, TEXAS — Tower Capital has arranged $72.9 million in construction financing for the development of Village at Golden Triangle, a 317-unit build-to-rent community in Fort Worth. Tower Capital’s Kyle McDonough and George Maravilla arranged the financing on behalf of Empire Group, the project’s Arizona-based developer. The Village at Golden Triangle is situated on 30 acres near North Riverside Drive and Golden Triangle Boulevard in Fort Worth. The community offers one-, two- and three-bedroom floor units with quartz countertops, stainless steel appliances, full-size washers and dryers, smart-home technology, private …

Continue Reading
0 FacebookTwitterLinkedinEmail
Build-to-RentDevelopmentInvestment SalesNewsTexas

Capital Square, ITOCHU Corp. to Acquire 100-Unit Build-for-Rent Project in San Antonio Suburb

by Channing Hamilton

NEW BRAUNFELS, TEXAS — Capital Square and ITOCHU Corp. have formed a joint venture to acquire Creekside Terrace, a build-for-rent community currently being built in the San Antonio suburb of New Braunfels. Pulte Homes is the developer on the project. A development timeline was not disclosed. Creekside Terrace offers 100 units in three- and four-bedroom floor plans, as well as amenities such as a pool, pavilion and park.

Continue Reading
0 FacebookTwitterLinkedinEmail
Ironwood Homes at River Run in Avondale, Arizona
ArizonaBuild-to-RentDevelopmentNewsWestern

Mark Taylor Opens Ironwood Homes at River Run BTR Project in Avondale, Arizona

by Channing Hamilton

AVONDALE, ARIZ. — Mark-Taylor Residential has opened Ironwood Homes at River Run, a 103-unit build-to-rent development in the Phoenix suburb of Avondale. Developed by Sunstone Two Tree, Ironwood Homes at River Run offers units in three- and four-bedroom floor plans. Units feature private side yards, personal two-car garages and smart technology packages. Amenities include a pool spa, fitness center, outdoor kitchen, gated entry and a playground.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaBuild-to-RentDevelopmentLeasing & MarketingNewsWestern

Mark-Taylor Residential Opens Single-Family Rental Community in Mesa, Arizona

by Channing Hamilton

MESA, ARIZ. — Mark-Taylor Residential has opened Peralta Vista, an eco-conscious single-family rental project in Mesa. Located at 526 N Ellsworth Rd., Peralta Vista features one- and two-bedroom units homes built with sustainable materials to reduce energy costs and usage by more than 40 percent. According to the property website, amenities include a pool, lounge area, fitness center, game lawn, clubhouse, EV chargers and smart home technology.

Continue Reading
0 FacebookTwitterLinkedinEmail
Heyday Oak Creek in Oak Creek, Wisconsin
Build-to-RentDevelopmentMidwestNewsWisconsin

Heyday Breaks Ground on Build-to-Rent Community in Milwaukee Suburb

by Channing Hamilton

OAK CREEK, WIS. — Heyday has broken ground on Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. Each unit features an attached two-car garage with personal electric vehicle charging outlets, as well as a private patio or covered porch. Floor plans come in one-, two- and three-bedroom layouts ranging from 832 to 1,701 square feet. Amenities include bike and walking paths, as well as a dog park and community garden.

Continue Reading
0 FacebookTwitterLinkedinEmail
BerkadiaBuild-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Berkadia Brokers $37.5 Million Acquisition Loan for Build-to-Rent Project in Port St. Lucie, Florida

by Channing Hamilton

PORT ST. LUCIE, FLA. — Berkadia has arranged a $37.5 million forward acquisition loan for Tavalo Tradition, a 216-unit build-to-rent development underway in Port St. Lucie. An investment vehicle managed by GTIS Partners purchased the townhome-style community from K. Hovnanian. Scott Wadler and Matt Nihan of Berkadia arranged the financing through an unnamed national bank on behalf of GTIS Partners, which will obtain the capital in draws. Tavalo Tradition will be situated within the 2,500-acre Tradition master-planned community. Units will come in two- and three-bedroom townhomes and average 1,387 to 1,494 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Build-to-RentDevelopmentNewsTexas

NexMetro Communities, Mosaic Break Ground on Build-to-Rent Community Near Austin, Texas

by Channing Hamilton

GEORGETOWN, TEXAS — NexMetro Communities has begun the development of Avilla Berry Creek, a 25-acre build-to-rent complex in the Austin, Texas suburb of Georgetown. Mosaic is the general contractor for the project. Avilla Berry Creek comprises 224 single-family detached homes and duplexes. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool and clubhouse, community garden and a dog park. The total development cost of the project is $66 million.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.