Single-Family Rental

POINCIANA, FLA. — Shoreham Capital has sold The Preserve at Poinciana, a 175-unit build-to-rent residential community underway in suburban Orlando. An unnamed state pension fund purchased the property via a separate account managed by Heitman. Tyler Swidler, Brett Moss and Matt Mitchell of Berkadia represented Shoreham Capital in the transaction. The sales price was not disclosed. JNS Homes is building the single-family community and expects to complete the development in the third quarter. Situated on 27 acres, The Preserve at Poinciana will feature three- and four-bedroom homes spanning 2,000 to 2,300 square feet. Amenities will include attached garages, a resort-style pool, green space, children’s playground, dog run and walking trails.

FacebookTwitterLinkedinEmail

OSWEGO, ILL. — Lynd, a real estate development and property management firm, is nearing completion of Home at Ashcroft, a 178-unit build-to-rent community in the Chicago suburb of Oswego. The developer has opened decorated models at the property, which is located at 137 Dorset Ave. Home at Ashcroft offers three-bedroom, attached single-family homes starting at $2,591 per month. Originally designed as for-sale single-family homes, the property features wider layouts than most townhomes and offers features typically found in detached single-family homes such as open layouts, two-car garages with extended driveways, basements, fenced-in yards and back porches. Ranch and two-story floor plans range from 1,559 to 1,747 square feet. Groups of six homes share a cul-de-sac. An onsite management team provides services such as plant watering, yard care, snow removal, package receiving and dog walking. Work is underway on a $2 million community clubhouse with a fitness and wellness center, outdoor pool, covered pavilion, fountain, firepit and grills. Slated to open later this year, the 5,500-square-foot space includes a lounge that opens to a warming kitchen and coffee bar, private library, events room, coworking stations, conference rooms, game area and package delivery room.

FacebookTwitterLinkedinEmail
Cottages-at-Lavon-Lake

LAVON, TEXAS — ONM Living will develop The Cottages at Lavon Lake, a 268-unit build-to-rent residential project in Lavon, located northeast of Dallas in Collin County. The development will feature cottage-style homes in one-, two- and three-bedroom formats that will range in size from 340 to 1,230 square feet. Residents will have fenced backyards, detached garages and open surface spaces. Communal amenities will include a pool, fitness center, dog park and pickleball courts. Vertical construction is scheduled to begin in May 2025, and full completion is slated for early 2027.

FacebookTwitterLinkedinEmail

GLENDALE, ARIZ. — Inland Real Estate Acquisitions, on behalf of an Inland affiliate, has negotiated the purchase of a 190-unit build-to-rent community in Glendale. Mark Cosenza of Inland Real Estate Acquisition, with assistance from David Neboyskey of The Inland Real Estate Group law department, completed the transaction. Renamed Onyx at Westgate, the property features 58 one-bedroom, 85 two-bedroom and 47 three-bedroom bungalows, all rising one story. Each unit offers upscale amenities, including gourmet kitchens, oversized windows, 10-foot ceilings, wood plank LVT flooring, high-end finishes and a smart-home technology package. The community features a resort-style pool and spa, outdoor firepits, a community lawn area, fitness center, dog park, clubhouse, covered parking and optional garages for residents. Developed in 2022, Onyx at Westgate was 92 percent occupied at the time of closing.

FacebookTwitterLinkedinEmail

PRINCETON, TEXAS — Core Spaces, a student housing and residential developer with offices in Chicago and Austin, is nearing completion of Oxenfree at Princeton, a 408-unit build-to-rent residential community located on the northeastern outskirts of Dallas. The site spans 50 acres, and the development will feature a mix of single-family and townhome-style residences with three distinct architectural styles. Oxenfree at Princeton will also offer a central amenity center with a coworking space, health club, market, lounge, pool and a children’s play area. Construction began last spring. Leasing will begin in March.

FacebookTwitterLinkedinEmail

STEPHENS CITY, VA. — Northmarq has brokered the sale of West Wind, a 95-unit build-to-rent (BTR) residential community located at 113 Holt Court in Stephens City, about 14 miles south of Winchester, Va. Ari Azarbarzin and Gabe Tovar led the Northmarq BTR team that also included Chris Doerr, Will Harvey, Shack Stanwick, Matt Straughan, Wink Ewing and Anthony Pino in representing the undisclosed seller. The sales price was also not disclosed. Tom Peloquin, Cabell Thomas and Rich Choisser of Northmarq’s debt and equity team secured acquisition financing on behalf of the buyer, a joint venture between RockBridge Investment Group and DSP Real Estate Capital. Situated near I-81, West Wind was built in 2023 and features two-story, three-bedroom townhomes with smart-home technology, stainless steel appliances, granite countertops and hard-surface flooring.

FacebookTwitterLinkedinEmail

ARDEN AND ASHEVILLE, N.C. — Trilogy Investment Co. will develop three rental townhome communities in metro Asheville. Located in the city of Asheville and the unincorporated community of Arden, the Rêve Communities-branded properties will total 267 units across 35 acres. Amenities at each community will include 24-hour maintenance, valet trash, a clubhouse, pool, playground and a dog park. Construction is scheduled to begin in the third quarter of this year, with preleasing expected to begin in mid-2025.

FacebookTwitterLinkedinEmail
Oak-Grove-Aubrey

AUBREY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager Resmark Cos., is underway on construction of a 134-unit build-to-rent residential project in Aubrey, located in Denton County. Designed by Architecture Demarest and known as Oak Grove, the development will offer one-, two- and three-bedroom homes ranging in size from 770 to 1,625 square feet. Amenities will include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents will start at $2,000 per month for a one-bedroom home.

FacebookTwitterLinkedinEmail
Highland-Melissa

MELISSA, TEXAS —  A partnership between two California-based firms, developer Legacy Partners and investment manager Resmark Cos., is underway on construction of a  133-unit build-to-rent residential project in Melissa, located north of Dallas in Collin County. Designed by UD Architects and known as Highland, the development will offer one-, two- and three-bedroom homes ranging in size from 780 to 1,500 square feet. Amenities will include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents will start at $2,100 per month for a one-bedroom home. Completion is slated for late 2025.

FacebookTwitterLinkedinEmail
Everstead-at-Conroe

CONROE, TEXAS — Landmark Properties has broken ground on The Everstead at Conroe, a 190-unit build-to-rent residential project on the northern outskirts of Houston. The site spans 23.5 acres, and 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 with a fitness center. Landmark Properties is co-developing the project with Open House Group Co. Full completion is slated for late 2025.

FacebookTwitterLinkedinEmail
Newer Posts