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Single-Family Rental

Cottages-at-Century-Farms
Build-to-RentDevelopmentSingle-Family RentalTexas

ONM Living to Develop 290-Unit Build-to-Rent Community in Anna, Texas

by Taylor Williams

ANNA, TEXAS — Locally based firm ONM Living will develop Cottages at Century Farms, a 290-unit build-to-rent community that will be located in the North Texas city of Anna. The development will be situated on a 23-acre site within a master-planned community and will offer studio, one-, two- and three-bedroom homes that will range in size from approximately 350 to 1,400 square feet. Homes will feature fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities will include a fitness center, pool, pickleball and other sports courts, dog park and walking trails. Leasing is scheduled to begin late next year.

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The-Everstead-at-Conroe
Build-to-RentDevelopmentSingle-Family RentalTexas

Landmark Properties Completes 190-Unit Build-to-Rent Project in Conroe, Texas

by Taylor Williams

CONROE, TEXAS — Georgia-based developer Landmark Properties has completed a 190-unit build-to-rent residential project in Conroe, about 40 miles north of Houston. The 23.5-acre development represents Phase I of The Everstead at Conroe. The community offers 56 two-bedroom and 134 three-bedroom ranch homes and townhomes that are furnished with granite countertops, stainless steel appliances and individual washers and dryers. Amenities include a pool, dog park, playground, pickleball and bocce ball courts, as well as 567 parking spaces and a 2,817-square-foot clubhouse with a fitness center. Landmark co-developed the project with Open House Group Co. Rents start at roughly $1,580 per month for a two-bedroom home.

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Build-to-RentDevelopmentMidwestNebraskaSingle-Family Rental

Stark Enterprises Breaks Ground on 244-Unit Build-to-Rent Community in Gretna, Nebraska

by Kristin Harlow

GRETNA, NEB. — Stark Enterprises, in partnership with Stark Living and Arbor Construction, has received construction financing for its latest build-to-rent development, Teal Ridge Village in Gretna near Omaha. Stark Enterprises will now break ground on the project, which will include 244 homes on a 43.7-acre site. Amenities will include a fitness center, clubhouse, pool, dog park, playground, sports simulator and bocce court. The property will be operated by Stark Living, the residential management arm of Stark Enterprises. Stark’s construction arm, Arbor Construction, is slated to complete the project in summer 2027. Stark has now expanded into its ninth state overall and third state within its build-to-rent platform.

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Woodland-Cottages-Westover-Hills-San-Antonio
Build-to-RentDevelopmentMultifamilySeniors HousingSingle-Family RentalTexas

Carbon Shepherd Begins Leasing 78-Unit Seniors Housing Property in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based Carbon Shepherd Development has begun leasing a 78-unit seniors housing property in the Westover Hills area of San Antonio. Woodland Cottages Westover Hills offers one- and two-bedroom residential-style cottages that are furnished with stainless steel appliances and full-size washers and dryers, with attached garages and fenced backyards available in select residences. Amenities include a pool, clubhouse with a game room and a fitness center. Rents start at $2,700 per month for a one-bedroom home.

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Build-to-RentDevelopmentMultifamilySingle-Family RentalSouth CarolinaSoutheast

Center Park Group to Deliver 155 Build-to-Rent Townhomes in Charleston’s West Ashley Neighborhood

by John Nelson

CHARLESTON, S.C. — Center Park Group has announced that it is on track to complete the vertical construction of 155 build-to-rent townhomes at Bellerose at Bees Ferry by mid-April. Located within the West Ashley neighborhood of Charleston, the 17-acre, pet-friendly community will offer townhomes that total 1,400 square feet with three bedrooms, two-and-a-half baths and an attached one-car garage. Amenities include a swimming pool with lounge chairs, dog park, an open-air pavilion and walking paths, as well as onsite maintenance and management. Atlanta-based RangeWater Real Estate is the developer. Framing for the project began in October 2023, and Center Park Group has delivered each townhome building with the goal to complete the project in under 18 months. Center Park Group managed construction of the community dog park, the mail kiosk and landscaping, while Linden Construction oversaw construction of the community pool and clubhouse. RangeWater is overseeing property management at Bellerose at Bees Ferry in-house.

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Bella-Encanta-Mesa-AZ
AcquisitionsArizonaBuild-to-RentSingle-Family RentalWestern

CBRE Brokers $95.7M Sale of Bella Encanta BTR Community in Mesa, Arizona

by Amy Works

MESA, ARIZ. — CBRE has negotiated the sale of Bella Encanta, a build-to-rent (BTR) community in Mesa. Bela Flor Communities sold the asset to a global institutional investor for $95.7 million. Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the Mesa-based seller in the deal. Completed in 2023, the 212-unit property features duplex-style homes with wood-style plank flooring, nine- and 10-foot ceilings, full-size washers/dryers, granite countertops, undermount sinks, eat-in islands, stainless steel appliances, gas cooktops, Shaker-style cabinetry and subway tile backsplashes, as well as a private two-car attached garage with electric vehicle charging capabilities. Community amenities include a resident clubhouse with a fitness center with climbing wall, demonstration kitchen, billiards table, leasing office, conference room, meeting space and seating areas. Outdoor amenities include soccer fields, two pet parks with a wash station, a sand volleyball court, a basketball half-court, two pickleball courts, a children’s playground, walking paths and multiple picnic areas with barbecue grills.

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AcquisitionsBuild-to-RentIndianaMidwestSingle-Family Rental

Thompson Thrift Sells 242-Unit Slate at Fishers District Build-to-Rent Community in Indiana

by Kristin Harlow

FISHERS, IND. — Thompson Thrift has sold Slate at Fishers District, a 242-unit luxury build-to-rent community in the Indianapolis suburb of Fishers. Bonaventure Holding Co. purchased the property for an undisclosed price. George Tikijian, Hannah Ott, Ted Abramson, Cam Benz, Claire Hassfurther, Ryan Stockamp and Sean Pingel of CBRE brokered the sale. Slate at Fishers District features one-, two- and three-bedroom villas as well as three- and four-bedroom townhomes. Amenities include a clubhouse, fitness center, pool, bark park and dog spa. Construction wrapped in May 2024, and the property’s occupancy now exceeds 90 percent. Slate at Fishers District is one of five developments within the larger Fishers District. Once completed, the $750 million project will span 123 acres and include multifamily, hotel, office, dining, shopping and entertainment options.

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Build-to-RentDevelopmentGeorgiaMultifamilySingle-Family RentalSoutheast

Joint Venture to Develop 250-Unit Build-to-Rent Community in Port Wentworth, Georgia

by John Nelson

PORT WENTWORTH, GA. — A joint venture between PCCP LLC and Advenir Azora has secured a 28-acre site in Port Wentworth for the ground-up development of a 250-unit build-to-rent (BTR) residential community. Located at 1100 Meinhard Road, the site is less than 10 miles from the Port of Savannah. The community will feature one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes with an average size of 1,081 square feet. Amenities at the complex will include a 3,000-square-foot clubhouse and leasing center with a conference room, coffee bar and an Olympic-style pool with gazebos and lounge chairs, as well as a 1,460-square-foot fitness center with a turfed exterior. Additionally, there will be shared green spaces that will comprise pocket parks and playgrounds, a pickleball court and walking trails. The first homes are expected to be delivered in June 2026. This project marks PCCP and Advenir Azora’s second joint venture, following the ground-up development of Leo at Wendell in Raleigh, which is slated for completion in December.

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AcquisitionsMidwestMinnesotaSingle-Family Rental

Homes for the Future Invests in Preservation of 283 Single-Family Rental Homes in Metro Twin Cities

by Kristin Harlow

MINNEAPOLIS AND ST. PAUL, MINN. — A portfolio of 283 single-family rental homes, dispersed across the Minneapolis-St. Paul region, is now under nonprofit control following a joint acquisition by Grounded Solutions Network’s Homes for the Future (HFTF) initiative and five other nonprofit organizations. HFTF invested $2 million in the $61 million purchase and leads the ownership group’s efforts to transition the homes and expand the number of community-controlled assets stewarded by nonprofit shared equity housing organizations. “By bringing this previously for-profit, private equity investor-owned portfolio under nonprofit control, we have an opportunity to transition current tenants into homeownership and to rehab and sell the vacant homes at an affordable price to future families,” says Devin Culbertson, vice president of innovative finance at Grounded Solutions Network. Properties in the portfolio are concentrated in historically low-income communities of color, many of which are the fastest-appreciating neighborhoods in the region. Homes in the portfolio may continue to be maintained as rentals or sold to the current tenants. When current tenants choose to move out, the homes will be sold, with priority given to nonprofit shared equity housing programs. The use of the shared equity housing model, such as a Community Land Trust, ensures …

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Cottages-at-Summer-Creek-Fort-Worth
AcquisitionsBuild-to-RentSingle-Family RentalTexas

ONM Living Sells 196-Unit Build-to-Rent Property in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based developer ONM Living has sold Cottages at Summer Creek, a 196-unit build-to-rent residential property in South Fort Worth. Built on 18 acres in 2023, Cottages at Summer Creek offers studio, one-, two- and three-bedroom residences that range in size from 344 to more than 1,200 square feet. Homes offer private fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, washers and dryers and smart technology features. Amenities include a pool, two pet parks, pickleball courts, walking trails and a conference room. ONM Living sold the property in partnership with All Pro Capital. Berkadia brokered the deal. The buyer was Stockbridge Capital Group.

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