LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group has delivered Frontera Shores Townhomes, a 201-unit project in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community offers two-, three- and four-bedroom townhomes that range in size from 1,280 to 1,880 square feet. Amenities include a pool, walking trails and a dog park.
GARDNER, KAN. — Sallee Development has broken ground on Flint Trails, a $69 million build-to-rent community in Gardner, about 30 miles south of Kansas City. The project will include two- and three-bedroom townhomes with attached garage options. Amenities will include a clubhouse, pool, pickleball court and onsite management and maintenance services. The project is being developed in partnership with CommunityAmerica Credit Union, which is providing financing support. The first units are planned for delivery in late 2027.
AUSTIN, TEXAS — Trilogy Investment Co., a residential developer based in metro Atlanta, has broken ground on REV3 at Walnut Creek, a 190-unit build-to-rent residential project in northeast Austin. The property will exclusively feature three-bedroom, townhome-style units with an average size of 1,493 square feet that will include a one-car attached garage. Leasing is anticipated to begin in the third quarter of 2027, with full completion slated for mid-2028.
PAPILLION, NEB. — Cavan Cos. has closed on the land for the development of The Bungalows at Prairie Hills, a 154-unit build-to-rent community in Papillion. The project marks the company’s third development in metro Omaha. Horizontal construction is expected to begin in May. One-, two- and three-bedroom floor plans will range from 683 to 1,389 square feet. The development will feature 104 detached garages, a clubhouse, fitness center and other shared amenities.
WOODRFUFF, S.C. — CAPREIT has acquired Hart Townes, a 157-unit build-to-rent residential community located at 339 Hart Townes Way in Woodruff, about 21 miles southeast of Greenville, S.C. The seller and sales price were not disclosed. Construction began last year and is scheduled to wrap up before the end of the year. First move-ins to the community are currently underway. Homes at Hart Townes span in size from 1,570 to 1,693 square feet and include wood floors, stainless steel kitchen appliances, granite countertops, attached garages, 2.5 bedrooms and private patios. Common area amenities include a swimming pool and cabana, as well as onsite property management and maintenance.
KANSAS CITY, MO. — Cavan Cos. has unveiled plans to develop The Bungalows at Maple Woods, a 153-unit build-to-rent (BTR) community in Kansas City’s Northland corridor. Horizontal construction is expected to begin in June, with vertical construction anticipated six to eight months thereafter. The 16-acre site is located near Maple Woods Community College. The single-story residences will come in one-, two- and three-bedroom layouts with private fenced backyards, garages and access to a community clubhouse and fitness center. Cavan’s expansion into the Kansas City market builds upon its existing presence in Omaha, where the company operates two BTR communities and is in the process of closing on a third location. The Bungalows is its flagship brand.
RED OAK, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, is nearing completion of The Reserve at Red Oak, a 166-unit project located south of Dallas. The 18-acre development offers three- and four-bedroom homes that range in size from 1,501 to 1,857 square feet with garages, as well as a playground, dog park and fitness facilities. Leasing is underway, and rents start at roughly $2,100 per month. A grand opening ceremony will take place in the coming days.
AVONDALE, ARIZ. — Arizona-based Bela Flor and TruVista Development have completed the sale of Avalon Townhomes, a build-to-rent community in Avondale. An undisclosed buyer acquired the asset for $30.1 million, or $430,000 per unit. Completed in 2025, Avalon Townhomes features 70 two- and three-bedroom townhomes averaging 1,677 square feet in size. The townhomes offer quartz counters, kitchen islands, luxury plank flooring, stainless steel appliances, walk-in closets, dual vanities, doggy doors, full smart-home connectivity, as well as direct-access one- and two-car garages with EV charging, dedicated driveways, private enclosed backyards. Community amenities include a resort-style pool and spa, pet park, an outdoor fitness circuit, a barbecue ramada and abundant guest parking. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia’s Phoenix office represented the seller in the deal.
SPRING HILL, KAN. — Sallee Development has sold Oak Woods, a build-to-rent townhome community with 192 units in Spring Hill, a southern suburb of Kansas City. Located east of Highway 169, the property offers two-, three- and four-bedroom floor plans with attached garages. Atlanta-based Wrightwell was the buyer. Wrightwell now owns three communities in the Midwest.
LAKELAND, TENN. — Trilogy Investment Co. has closed on the purchase of Willows Townhomes, a 109-unit build-to-rent (BTR) residential community planned at 9942 Geneva St. in Lakeland. The Alpharetta, Ga.-based investment firm has rebranded the property as REV3 at Garner Lake. The land seller and sales price were not disclosed. Trilogy plans to break ground on REV3 at Garner Lake this month and deliver the first tranche of homes by the end of the year. All units will feature attached garages and come in three- and four-bedroom configurations ranging in size from 1,657 to 1,866 square feet. Builders Capital is serving as Trilogy’s joint venture partner and equity capital provider for the project. REV3 at Garner Lake is situated within Lake District, a 160-acre master-planned redevelopment of the former Belz Factory Outlet Mall in metro Memphis.
