Yardi Matrix Report: Institutions Will Own 40 Percent of All Single-Family Rentals by 2030

SANTA BARBARA, CALIF. — Institutional capital investment in single-family-rental (SFR) acquisitions and build-to-rent (BTR) projects is growing by leaps and bounds. Institutions funded $2.5 billion in SFR acquisitions in 2021 and committed more than $60 billion in capital to buying single-family rental homes over the past year, according to Yardi Matrix’s new report, "Build-to-Rent Fuels Growth in Institutional Single-Family Rental Market." By 2030, Institutions are expected to own about …

August 8, 2022Build-to-Rent, Features, Single-Family Rental

AHV Communities to Develop 244-Unit Single-Family Rental Community in North Austin

AUSTIN, TEXAS — AHV Communities will develop a 244-unit single-family rental community on a 48-acre site in North Austin. Homes will come in three- and four-bedroom floor plans and range in size from 1,500 to 1,900 square feet. Residences will also feature two-car garages and private fenced backyards. Amenities will include a pool, fitness center, dog park, conference room, outdoor grilling and dining areas, clubhouse lounge and a bocce ball and outdoor game court. Preliminary sitework will …

August 3, 2022Build-to-Rent, Development, Single-Family Rental, Texas

RangeWater to Deliver 155-Unit Build-to-Rent Residential Community in Charleston

CHARLESTON, S.C. — RangeWater Real Estate has purchased 17 acres at the intersection of Bees Ferry Road and Bluewater Way in Charleston’s West Ashley submarket. The Atlanta-based company plans to develop 155 build-to-rent units at the site in a community named Bellerose at Bees Ferry, a Storia neighborhood. The property will comprise three-bedroom, two- bathroom townhomes that include one-car garages, 9-foot ceilings, gourmet kitchens with high-end appliances and stone countertops. The …

August 1, 2022Build-to-Rent, Development, Multifamily, Single-Family Rental, South Carolina, Southeast

RangeWater Underway on Development of 120 Build-to-Rent Homes, 325 Apartment Units in Fort Worth

FORT WORTH, TEXAS — Atlanta-based developer RangeWater Real Estate is underway on construction of 120 build-to-rent (BTR) homes and 325 apartment units in Fort Worth. Both complexes will be situated on a 23-acre site in the city’s Beechwood neighborhood. The townhome-style units of Palo, the BTR community, will come in three-bedroom formats and will include private patios. Palo will also have its own pool. Ellianna’s rental apartments will feature one-, two- and three-bedroom floor plans, …

July 26, 2022Build-to-Rent, Development, Multifamily, Single-Family Rental, Texas

Partnership Buys Two Residential Properties Totaling 371 Units Near Corpus Christi

ARANSAS PASS AND ROCKPORT, TEXAS — Dallas-based RREAF Holdings and its two Florida-based equity partners, DLP Capital and Miami-based 3650 REIT, have purchased two residential properties totaling 371 units that are located on the outskirts of Corpus Christi. Windy Shores is a 155-unit build-to-rent community in Aransas Pass that was constructed in 2004, and Pearl Point is a 216-unit, garden-style apartment complex in Rockport that was completed in 2020. Nathan Stone and Guy Griffith of …

July 26, 2022Acquisitions, Build-to-Rent, Multifamily, Single-Family Rental, Texas

Klein Enterprises, Evolv to Develop 74-Unit Build-to-Rent Community in Waldorf, Maryland

WALDORF, MD. — Klein Enterprises and Evolv LLC, an affiliate of Fraser Forbes Real Estate Services, have acquired land in Waldorf to construct 74 build-to-rent (BTR) townhomes. The duo are acquiring lots in two phases via an assignment agreement with Dream Finder Homes, a homebuilder based in Jacksonville. Klein and Evolv plan to break ground in August on Phase I, with construction estimated to last 15 months and homes be delivered on a rolling monthly basis. The community will be situated in …

July 25, 2022Build-to-Rent, Development, Maryland, Multifamily, Single-Family Rental, Southeast

Wan Bridge Underway on 192-Unit Build-to-Rent Community in Katy, Texas

KATY, TEXAS — Wan Bridge, a developer of build-to-rent residential communities, is underway on The Enclave at Mason Creek, a 192-unit project that will be located in the western Houston suburb of Katy. Construction began in early July, and the first residences are expected to be complete at the beginning of 2023. Homes will come in three- and four-bedroom formats and range in size from 1,430 to 1,750 square feet. Amenities will include parks, playgrounds and walking trails. BMO Harris Bank …

July 25, 2022Build-to-Rent, Development, Single-Family Rental, Texas

Good + West Secures Joint Venture Partner for $400M Build-for-Rent Pipeline Located Across Texas

DALLAS AND AUSTIN, TEXAS — Good + West has partnered with a Dallas-based private equity fund for the development of four build-for-rent (BFR) projects in the state of Texas. Development costs are set to total $400 million. The communities will be built under the Austin, Texas-based development firm’s Perch banner over the course of the next four years. Heather McClure of Walker & Dunlop advised Good + West in identifying its joint venture partner for the projects. Perch …

July 21, 2022Build-to-Rent, Development, Single-Family Rental, Texas, Top Stories

Berkadia Negotiates $75M Sale of Built-to-Rent Community in Flagstaff, Arizona

FLAGSTAFF, ARIZ. — Berkadia has arranged the sale of The Overlook at Buffalo Park, a built-to-rent multifamily property at 1651 N. Gemini Drive in Flagstaff. Georgia-based St. Clair Holdings sold the asset to San Diego-based Logan Capital Advisors for $75 million. Built in 2021, The Overlook at Buffalo Park features 155 rental homes in a mix of one-, two- and three-bedroom cottage-style designs. The homes feature largely detached floor plans with vaulted ceilings, front porches and …

July 15, 2022Acquisitions, Arizona, Build-to-Rent, Single-Family Rental, Western

Northmarq Arranges $49.5M Construction Loan for Honeycutt Run Build-to-Rent Community in Maricopa, Arizona

MARICOPA, ARIZ. — Northmarq’s Debt & Equity has arranged a $49.5 million construction loan for the development of Honeycutt Run, a build-to-rent residential property in Maricopa. Mesa-based Bela Flor Communities is developing the community. Situated on 19.2 acres at 36351 W. Honeycutt Run Road, Honeycutt Run will feature 209 single-story homes. The site plan is approved for one-, two- and three-bedroom single-family casita-style homes with private, fenced-in backyards. Community …

July 13, 2022Arizona, Build-to-Rent, Development, Loans, Single-Family Rental, Western

Yardi Matrix Report: Institutions Will Own 40 Percent of All Single-Family Rentals by 2030

AHV Communities to Develop 244-Unit Single-Family Rental Community in North Austin

RangeWater to Deliver 155-Unit Build-to-Rent Residential Community in Charleston

RangeWater Underway on Development of 120 Build-to-Rent Homes, 325 Apartment Units in Fort Worth

Partnership Buys Two Residential Properties Totaling 371 Units Near Corpus Christi

Klein Enterprises, Evolv to Develop 74-Unit Build-to-Rent Community in Waldorf, Maryland

Wan Bridge Underway on 192-Unit Build-to-Rent Community in Katy, Texas

Good + West Secures Joint Venture Partner for $400M Build-for-Rent Pipeline Located Across Texas

Berkadia Negotiates $75M Sale of Built-to-Rent Community in Flagstaff, Arizona

Northmarq Arranges $49.5M Construction Loan for Honeycutt Run Build-to-Rent Community in Maricopa, Arizona

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