CLEBURNE, TEXAS — Phoenix-based developer NexMetro Communities has completed Avilla Railhead, a 211-unit build-to-rent residential project in Cleburne, a southern suburb of Fort Worth. Avilla Railhead offers one-, two and three-bedroom homes with private front porches, gated backyards, smart-home technology and EV-friendly garages. Amenities include a pool with a lounge area, outdoor pavilion with grilling stations, dog park and gaming areas. Rents start at roughly $1,450 per month for a one-bedroom home.
LEWES, DEL. — JLAM, an investment and development firm with offices in Delaware and Charlotte, is underway on construction of Lightkeeper’s Village, a 102-unit build-to-rent residential project in the coastal Delaware city of Lewes. The community will feature one-, two- and three-bedroom units and amenities such as a clubhouse, pool, fitness center and common green spaces. The design/build team includes Schell Brothers, regional architecture firm Union, Christiana Excavating and engineering firm Davis, Bowen & Friedel. Leasing is expected to begin before the end of the year.
INDIAN TRAIL, N.C. — Berkadia has brokered the sale of Poplin Trace, a 99-unit build-to-rent community in Indian Trail, a city about 15 miles southeast of Charlotte. The sales price was not disclosed, but the Charlotte Business Journal reported the asset traded for $31 million. The seller was Arizona-based Belleview. The buyer was not disclosed. Caleb Troop, Matt Robertson, Mark Forrester and Andrew Curtis of Berkadia led the transaction on behalf of Belleview. Built in 2021, Poplin Trace offers three-bedroom townhomes with attached two-car garages. The property was 93 percent occupied at the time of sale.
LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group will build Frontera Shores Townhomes, a 201-unit project that will be located in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community will offer two-, three- and four-bedroom townhomes. Amenities will include a pool, walking trails and a dog park. Vertical construction will begin over the summer, with the first homes expected to be available for occupancy before the end of the year. Full completion is slated for next December.
PHOENIX — Tower Capital has arranged $79.5 million to refinance an existing loan for the Village at Bronco Trail, a 354-unit build-to-rent (BTR) community in Phoenix. The sponsor, Scottsdale, Ariz.-based Empire Group, started construction on the project in 2023. Kyle McDonough, George Maravilla, David Stull and Noah Schott of Tower Capital originated the nonrecourse construction financing via a debt fund. Situated on 30 acres at 28th Avenue and Sonoran Desert Drive, Village of Bronco Trail will offer one-, two- and three-bedroom units with floor plans averaging 923 square feet. Each home will offer a private yard, kitchen with quartz countertops, stainless steel appliances and backsplashes, full-size washers/dryers and upgraded smart-home features and technology. Community amenities will include detached garages, a fitness center, car wash station, playground, dog park, grilling area, resort-style pool, clubhouse and common area open spaces.
AVONDALE, ARIZ. — Crescent Communities has broken ground on HARMON Ascend, a build-to-rent multifamily community in Avondale. Situated on West Indian School Road, HARMON Ascend will feature 125 three- and four-bedroom, two-story townhomes featuring individual two-car garages. The property is slated to welcome its first residents in spring 2026. HARMOND Ascend will offer charcoal grills, green spaces, lawn games and more to foster community engagement. The project team includes Heitman LLC as account manager, Atwell and Kimley-Horn as civil engineers, BSB Design as architects and Mosaic as general contractor.
HUTTO, TEXAS — Locally based firm Urban Moment Development has completed YardHomes Cottonwood Creek, a 293-unit build-to-rent residential project in the northern Austin suburb of Hutto. The development offers one-, two- and three-bedroom units that range in size from 635 to 1,391 square feet and have private fenced backyards. Units feature stainless steel appliances, quartz countertops, individual washers and dryers and smart technology. Amenities include an event lawn, pickleball court, fitness center and a dog park. Rents start at roughly $1,500 per month for a one-bedroom home.
PROVIDENCE VILLAGE, TEXAS — Locally based firm ONM Living will develop Cottages at Providence Village, a 188-unit build-to-rent community that will be located on a 14-acre site within a master-planned community of the same name in Denton County. The development will offer studio, one-, two- and three-bedroom homes that will range in size from approximately 350 to 1,400 square feet. Homes will feature fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities will include a fitness center, pool, pickleball and other sports courts, dog park and walking trails. Leasing is scheduled to begin late next year.
ANNA, TEXAS — Locally based firm ONM Living will develop Cottages at Century Farms, a 290-unit build-to-rent community that will be located in the North Texas city of Anna. The development will be situated on a 23-acre site within a master-planned community and will offer studio, one-, two- and three-bedroom homes that will range in size from approximately 350 to 1,400 square feet. Homes will feature fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities will include a fitness center, pool, pickleball and other sports courts, dog park and walking trails. Leasing is scheduled to begin late next year.
CONROE, TEXAS — Georgia-based developer Landmark Properties has completed a 190-unit build-to-rent residential project in Conroe, about 40 miles north of Houston. The 23.5-acre development represents Phase I of The Everstead at Conroe. The community offers 56 two-bedroom and 134 three-bedroom ranch homes and townhomes that are furnished with granite countertops, stainless steel appliances and individual washers and dryers. Amenities include a pool, dog park, playground, pickleball and bocce ball courts, as well as 567 parking spaces and a 2,817-square-foot clubhouse with a fitness center. Landmark co-developed the project with Open House Group Co. Rents start at roughly $1,580 per month for a two-bedroom home.
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