Build-to-Rent

Trilogy Obtains Construction Loan for 172-Unit Build-to-Rent Project in Huntsville

by John Nelson September 17, 2026

HUNTSVILLE, ALA. — Trilogy Investment Co. has closed on a construction loan for REV3 at The Celeste, a 172-unit build-to-rent (BTR) townhome community underway in Huntsville. The loan amount was not released. Situated on Plummer Road on the north side of Huntsville, the property represents Trilogy’s second BTR opportunity zone fund development with Pinnacle Partners. REV3 at The Celeste will feature three-bedroom townhomes with attached garages, as well as a resort-style pool, clubhouse, fitness center and outdoor gathering spaces. Trilogy and construction affiliate REV3 Homes plan to deliver the first residences at the project in early 2027.

September 17, 2026

Arkansas Build-to-Rent Loans Multifamily Single-Family Rental Southeast

MMCC Arranges $53M Refinancing for Build-to-Rent Property in Rogers, Arkansas

by John Nelson September 15, 2026

ROGERS, ARK. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $53 million loan for the refinancing of The Grove, a 235-unit build-to-rent (BTR) residential community in Rogers. John Brickson of MMCC’s Dallas office arranged the three-year, nonrecourse loan on behalf of the borrower, a joint venture between Brittenum Group and Realty Capital Partners. The direct lender was not disclosed. Built in 2024, The Grove was 94.5 percent occupied at the time of financing and comprises 123 detached, two-story cottages and 112 attached townhome-style residences. Amenities include a resort-style pool, 24-hour fitness center, golf simulator, package lockers, coworking offices, a community kitchen and a pickleball court.

September 15, 2026

Build-to-Rent Development Multifamily Seniors Housing Single-Family Rental Texas

Carbon Shepherd Completes 84-Unit Independent Living Project in Sherman, Texas

by Taylor Williams September 10, 2026

SHERMAN, TEXAS — Dallas-based Carbon Shepherd Development has completed an 84-unit independent living project in the North Texas city of Sherman. Woodland Cottages Sherman offers one- and two-bedroom units that are reserved for renters age 55 and above. Amenities include a pool, fitness center, game room and a pickleball court, as well as onsite staffing and programming. Additionally, two-bedroom units at Woodland Cottages Sherman feature attached single-car garages. Information on starting rents was not disclosed.

September 10, 2026

Acquisitions Build-to-Rent Development North Carolina Southeast

HMF Americana Acquires Land from Harris Teeter in Metro Charlotte, Plans Build-to-Rent Development

by Abby Cox September 4, 2026

CHARLOTTE, N.C. — HMF Americana, a “hybrid home” development firm, has acquired a development site in metro Charlotte from locally based grocer Harris Teeter with plans to develop a 221-unit build-to-rent residential community. Situated between Stallings and Weddington, N.C., the development will include cottage-style rental homes, along with a portion of homes that will be reserved for residents age 55 and older. The project will also feature approximately 10,000 square feet of multi-tenant commercial space, with additional land available for future expansion. Dowell Finch of New South Properties is leading commercial leasing efforts at the property. Site work is expected to begin next month, followed by vertical construction in the first quarter of 2027. Initial resident move-ins are expected to begin in the third quarter of 2027.

September 4, 2026

Build-to-Rent California Development Loans Single-Family Rental Western

Canyon Partners, J.P. Morgan Provide $74.7M Construction Loan for Inland Empire Townhome Project

by Amy Works September 1, 2026

RIVERSIDE, CALIF. — Canyon Partners and J.P. Morgan have provided a $74.7 million senior construction loan for a townhome rental project in Riverside’s Mission Grove neighborhood. The developer, BCT Development, is a joint venture between Bain Capital Real Estate and Cherry Tree Development. The community has yet to be branded, but plans call for 180 rental townhomes in a mix of two-, three- and four-bedroom floor plans, as well as amenities such as a pool, fitness center and clubhouse. A construction timeline was not disclosed. The financing represents Canyon’s second senior construction loan to BCT this year following the closing of a $91.3 million loan in March for the development of a 232-unit rental townhome community, also located in Riverside.

September 1, 2026

Build-to-Rent Development Iowa Midwest Single-Family Rental

Stark Enterprises to Develop 164-Unit Build-to-Rent Community in Grimes, Iowa

by Kristin Harlow August 24, 2026

GRIMES, IOWA — Stark Enterprises, a Cleveland-based developer, is expanding its residential portfolio into Iowa with Blue Creek Village, a 164-unit build-to-rent community in Grimes. The land acquisition is complete, and the development is fully capitalized. Construction is expected to begin this year, with the first homes slated for delivery in 2027. The project marks the first development in Iowa for Stark Enterprises. Blue Creek Village will feature 164 ranch-style rental homes across 33.8 acres. Each residence is designed with open-concept layouts, private outdoor space and attached two-car garages. Units will average 1,189 square feet and come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, clubhouse, pool, pickleball court, multi-sport simulator, dog park and outdoor gathering spaces. Stark Living, Stark Enterprises’ residential platform, will develop the property, and the company’s in-house construction arm, Arbor Construction, will serve as general contractor.

August 24, 2026

Build-to-Rent Development New Mexico Single-Family Rental Western

LaTerra Development, Revitate Open 344-Unit Build-to-Rent Community in Albuquerque

by Amy Works August 18, 2026

ALBUQUERQUE, N.M. —LaTerra Development, in partnership with Revitate, has opened The Charlie ABQ, a 344-unit build-to-rent community in Albuquerque. Situated on 37 acres at the southwest corner of Woodmont Avenue and Paseo del Norte, The Charlie ABQ features 202 townhomes and 142 detached single-family homes. The two-, three- and four-bedroom layouts range in size from 1,260 to 2,130 square feet. Every residence includes an attached two-car garage, private outdoor space and modern finishes. The community includes two large amenity centers with resort-style pools and spas, fitness centers, coworking lounges and outdoor gathering areas.

August 18, 2026

Acquisitions Build-to-Rent Florida Loans Southeast

Berkadia Arranges $19.1M in Acquisition Financing for Build-to-Rent Community in St. Cloud, Florida

by Abby Cox August 10, 2026

ST. CLOUD, FLA. — Berkadia has arranged $19.1 million in acquisition financing for Ibis Park at Harmony West, a newly constructed, build-to-rent (BTR) residential community located at 7110 Sandhill Crane Way in St. Cloud, about 28 miles south of Orlando. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia secured the financing on behalf of the Coral Gables, Fla.-based borrower, Bayshore Investment Partners (BIP), which purchased the property from D.R. Horton for $29.4 million. The five-year, fixed-rate loan features a full-term, interest-only structure. Completed in 2024, Ibis Park at Harmony West features 101 single-family rental homes with three-, four- and five-bedroom floorplans. Amenities include a clubhouse, fitness center, resort-style swimming pool, volleyball court, playground and outdoor gathering spaces.

August 10, 2026

Acquisitions Arizona Build-to-Rent Single-Family Rental Western

Cavan Cos. Sells 334-Unit BTR Community in Phoenix for $112.5M

by Amy Works July 28, 2026

PHOENIX — Scottsdale, Ariz.-based Cavan Cos. has completed the $112.5 million sale of Bungalows on Camelback, a 334-unit built-to-rent community at 4747 N. 99th Ave. in Phoenix. A California-based private investor has acquired the property for $336,826 per unit. Mark Forrester, John Cunningham, Charles Steele and Rick Holway of Berkadia Phoenix represented the seller in the transaction. Completed in 2024, Bungalows on Camelback features 334 one-, two- and there-bedroom single-story rental homes with 10-foot ceilings, walk-in closets and private backyards with turf. Common area amenities include a greenbelt, oversized clubhouse/fitness center, resort-style pool, covered parking and detached garages.

July 28, 2026

Speakers at the build-to-rent panel at InterFace Carolinas Multifamily included, from left, Louis Smart of CBRE (moderator); Ed Oprindick of Mandrake; Lisa Taylor of Greystar; Eric Friedman of Crescent Communities; and Andy Lucas of Beauxwright.

Build-to-Rent Conference Coverage Development Features Multifamily Single-Family Rental

InterFace: Build-to-Rent Developers Navigate Uncertainty Stemming from ROAD to Housing Law, Picky Renters

by Matthew Auchincloss July 21, 2026

By Matthew Auchincloss CHARLOTTE, N.C. — The multifamily build-to-rent (BTR) market in the Carolinas is the most competitive it’s ever been. According to Louis Smart, senior vice president at CBRE, more than 22,000 townhomes and single-family rental (SFR) units were delivered in the Carolinas over the past three years, and developers are jostling for position to handle it. “We’re reacting as probably most of our peers are reacting: scratching and clawing through lease-up, being as creative as we can, spending money that we really don’t want to spend from a marketing and advertising perspective trying to differentiate the product as much as possible, leaning into the fact that we believe we’ve picked good locations,” adds Andy Lucas, principal at Beauxwright. Lucas was a speaker on a panel titled, “Build-to-Rent in the Carolinas: Headwinds, Tailwinds and What Comes Next?” The panel was part of the lineup at InterFace Carolinas Multifamily, an information and networking conference that took place on May 21 at the Hilton Charlotte Uptown. Smart was the panel moderator. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Other panelists included Eric …

July 21, 2026

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