Build-to-Rent

Jim Chapman Construction Breaks Ground on 304-Unit Build-to-Rent Project in Opelika, Alabama

by John Nelson September 19, 2025

OPELIKA, ALA. — Jim Chapman Construction Group has broken ground on Creekside Cottages, a 304-unit build-to-rent (BTR) project at the intersection of Society Hill Road and Gateway Drive in Opelika, about eight miles east of Auburn. The developer is an undisclosed, publicly traded REIT. The general contractor recently finished clearing and grading on the 67.6-acre site and will begin vertical construction in late December. Phase I of Creekside Cottages will comprise 225 attached townhomes, with leasing set to begin in spring or summer 2026. Units will range in size from 1,000 to 1,439 square feet and feature two- and three-bedroom configurations. Each home will include attached garages, vinyl plank flooring, granite countertops, stainless steel appliances and in-unit washers and dryers. Amenities will include gated access, a clubhouse, swimming pool, dog park, sidewalks, streetlights and onsite property management and maintenance teams.

September 19, 2025

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

Arcadia Capital, Platform Ventures Sell Two Build-to-Rent Communities in Metro Phoenix for $44.1M

by Amy Works September 17, 2025

CHANDLER AND MESA, ARIZ. — Arcadia Capital Group and Platform Ventures have completed the disposition of two build-to-rent (BTR) Class A communities, totaling 91 homes, in metro Phoenix. Tricon Residential acquired the assets for $44.1 million. The transactions include the $23 million sale of Bower Hudson Crossing, a 43-unit BTR community in Chandler; and the $21.1 million sale of Bower Gateway, a 48-unit BTR property in Mesa. The blended price per unit was $485,164. Built in 2024, Bower Hudson Crossing features three- and four-bedroom homes with modern interiors, private backyards and two-car garages pre-wired for electric vehicle chargers. At the time of sale, the property was fully occupied. Built in 2022, Bower Gateway offers three- and four-bedroom residences with contemporary designs, private yards, two-car garages, grass courtyards and landscaped walking trails. Ryan Boyle, Trevor Koskovich, Jesse Hudson and Logan Baca of Northmarq represented the sellers in the deal.

September 17, 2025

Build-to-Rent Development Multifamily Single-Family Rental South Carolina Southeast

Middle Street, Singerman to Develop 71-Unit Build-to-Rent Community in Charleston

by John Nelson September 16, 2025

CHARLESTON, S.C. — Locally based Middle Street Partners and Chicago-based Singerman Real Estate plan to develop Atlantic St. Thomas, a new 71-unit build-to-rent (BTR) residential community in Charleston. The townhome property will be located at 2815 Clements Ferry Road on Charleston’s Daniel Island. Atlantic St. Thomas will have an amenity package that includes a resort-style pool, clubhouse, fitness center, working space and a lounge. The property will include two- and three-bedroom, three-story townhomes ranging in size from 1,565 to 2,500 square feet. Units will include single and two-car garages, rooftop terraces and dens in select three-bedroom townhomes. The co-developers will welcome residents at Atlantic St. Thomas, which represents Middle Street’s first BTR community, in spring 2027. The project team includes general contractor Middle Street Construction, civil engineer Sitecast, land planner Cissell Design Studio, landscape architect Studioforme and architect Terminus Design Group.

September 16, 2025

Arizona Build-to-Rent Development Property Type Single-Family Rental Western

Trilogy Investment Opens 84-Unit Build-to-Rent Community in Avondale, Arizona

by Amy Works September 12, 2025

AVONDALE, ARIZ. — Trilogy Investment Co. has opened Rêv3 at Encanto West, a townhome build-to-rent community in Avondale. Developed with Cimbra Partners, Rêv3 at Encanto West offers 84 three-bedroom/two-and-a-half bathroom townhomes with open-concept layouts, chef-inspired kitchens with stainless steel appliances and granite countertops, luxury vinyl plank flooring, smart home technology, attached garages and private backyards. Community amenities include a resort-style pool with cabanas, a clubhouse with gathering spaces, a fitness center and outdoor grilling areas. The community is now leasing, with first residents expected this fall.

September 12, 2025

Acquisitions Build-to-Rent Multifamily Northmarq Single-Family Rental Texas

Northmarq Brokers Sale of Two Austin-Area Residential Rental Properties

by Taylor Williams September 8, 2025

AUSTIN, TEXAS — Northmarq has brokered the sale of two residential rental properties totaling 38 units in the Austin area. Redbud Cove is a 15-unit build-to-rent complex in West Lake Hills, located west of the state capital, that was built in 1976 and recently renovated. Zilker Place is a 23-unit apartment complex located in south-central Austin that offers studio, one- and two-bedroom units. Will Collier, Jordan Vaughn and Hayden Schnieders of Northmarq represented the seller, locally based development and investment firm Rastegar Property Co., in the transaction. The buyer was Aperture Capital Partners.

September 8, 2025

Acquisitions Build-to-Rent Single-Family Rental Texas

Matthews Brokers Sale of 98-Unit Single-Family Rental Complex in Hewitt, Texas

by Taylor Williams September 3, 2025

HEWITT, TEXAS — Matthews Real Estate Investment Services has brokered the sale of Walker Place at Moonlight Park, a 98-unit single-family rental complex in Hewitt, located south of Waco. The property was completed in 2023, and homes feature three- and four-bedroom floor plans with an average size of 2,036 square feet, as well as attached two-car garages and private backyards. Richard Waterhouse and Andrew Kopenec of Matthews represented the seller, a Texas-based developer, in the transaction. The buyer was a Boston-based real estate private equity firm. Both parties requested anonymity.

September 3, 2025

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

Dwight Mortgage Trust Funds Loans for Two New Build-to-Rent Communities in Georgia Totaling $44.3M

by John Nelson August 7, 2025

AUBURN AND PORT WENTWORTH, GA. — Dwight Mortgage Trust has financed two bridge loans totaling $44.3 million for two new build-to-rent (BTR) communities in Georgia. The assets include The Station at Kentmere in Auburn and Waterside at Rice Hope in Port Wentworth. The borrower was ARK Homes for Rent. The Station at Kentmere is a 149-unit townhome community featuring three-bedroom residences, all with one-car garages and two-and-a-half bathrooms. Amenities include a modern clubhouse with an indoor lounge, fitness center, resort-style pool with sun deck, outdoor entertainment and picnic areas and grilling stations. Waterside at Rice Hope comprises 103 three-bedroom townhomes, each with two-and-a-half-bathrooms and one-car garages. Amenities include a clubhouse, playground, lap pool, lazy river, fishing pond and grilling areas.

August 7, 2025

Build-to-Rent Development Loans New York Northeast Single-Family Rental

White Oak Provides $46.2M Construction Loan for Build-to-Rent Project in Tuxedo, New York

by Taylor Williams August 6, 2025

TUXEDO, N.Y. — White Oak Real Estate Capital has provided a $46.2 million construction loan for a build-to-rent residential project in Tuxedo, located along the New York-New Jersey border. The project, which represents Phase I of The Village at Tuxedo Reserve, will add 93 rental units within the 1,200-acre Tuxedo Reserve master-planned development. Phase I is slated for a fall 2026 completion. Max Ralby led the Newmark team that arranged the debt through White Oak. Related Cos. is developing The Village at Tuxedo Reserve, and Lennar Corp. is the master developer of the larger Tuxedo Reserve community, which is planned to ultimately feature about 1,300 residences.

August 6, 2025

Build-to-Rent Development Multifamily Single-Family Rental South Carolina Southeast

Advenir Oakley Capital, Capstone Building Complete $78M BTR Project in Greer, South Carolina

by John Nelson August 5, 2025

GREER, S.C. — Developer Advenir Oakley Capital and general contractor Capstone Building Corp. have completed construction of LEO Jamestown, a $78 million build-to-rent (BTR) development in Greer, a city 12 miles northeast of Greenville. Located at 1015 S. Main St., LEO Jamestown includes 296 one-, two- or three-bedroom homes. Monthly rental rates range from $1,399 to $2,099, according to Apartments.com. Amenities include a resort-style pool, pool house, clubhouse, a fitness center and outdoor green spaces. Advenir Azora is managing the property.

August 5, 2025

Build-to-Rent Development Single-Family Rental Texas

Legacy Partners, Resmark Begin Leasing 133-Unit Build-to-Rent Project in Melissa, Texas

by Taylor Williams July 29, 2025

MELISSA, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager The Resmark Cos., has begun leasing Harlow, a 133-unit build-to-rent residential project in Melissa, located in Collin County. Designed by UD Architects and built by Blackland Partners, the development offers one-, two- and three-bedroom homes that range in size from 780 to 1,500 square feet. Amenities include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents start in the mid-$1,600s for a one-bedroom home.

July 29, 2025

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