LITCHFIELD PARK AND GOODYEAR, ARIZ. — JLL Capital Markets has arranged a total of $64.3 million for the refinancing of two build-to-rent communities in metro Phoenix. Through ORIX Corp., the JLL team secured $33.1 million for the 153-unit Villas Litchfield in Litchfield Park and $31.2 million for the 151-unit Villas Goodyear in Goodyear. The borrower was an affiliate of Blue Vista Capital Management and Family Development. Delivered in 2025, units at the properties include enclosed backyards with green turf lawns, stainless steel appliances, island kitchens with quartz countertops, wood plank-style flooring and in-unit washers and dryers. Community amenities include pools, 24-hour athletic centers, expansive dog parks with no breed or weight restrictions, organic community gardens with citrus trees, electric vehicle charging stations and grill stations with stainless steel grills. Greystar manages both properties.
MONROE, N.C. — Northmarq has negotiated the sale of Yardly Monroe, a 151-unit build-to-rent (BTR) community located in Monroe, roughly 30 miles outside Charlotte. Trevor Koskovich, John Currin, Jesse Hudson and Austin Jackson of Northmarq represented the seller, a joint venture between developer Taylor Morrison and equity partner Värde Partners. Faron Thompson and Grant Harris, also with Northmarq, originated $24.8 million in Freddie Mac acquisition financing on behalf of the buyer, FCP. The five-year, interest-only loan features a 35-year amortization schedule. Yardly Monroe, which has been rebranded as the Cottages of Monroe, is situated on nearly 25 acres and features one- and two-bedroom homes ranging in size from 717 to 1,030 square feet, according to Apartments.com. Each home features a private backyard with a pet door, full-sized washer/dryer, stainless steel appliances, high-speed internet, smart thermostat, doorbell camera, 10-foot ceilings, pantry, walk-in closet, vinyl plank flooring and a kitchen island. Community amenities include a swimming pool, dog park and a fitness center.
FORT WORTH, TEXAS — Locally based firm ONM Living has begun leasing a 378-unit build-to-rent community in South Fort Worth. Cottages at Deer Creek offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
KATY, TEXAS — Chicago-based RSK Real Estate Partners will develop The Landing at Katy Pointe, a 210-unit build-to-rent project that will be located on a 17.2-acre site on the western outskirts of Houston. The development will offer two- and three-bedroom homes with an average size of 1,500 square feet that will include attached garages and private yards. Construction is set to begin in the coming weeks and to be complete in the third quarter of 2026. NewQuest brokered the sale of the land.
NOBLESVILLE, IND. — A joint venture of PCCP, Trinitas Ventures and Peninsula Investments has begun development of Avanza at Hyde Park, a 237-unit build-to-rent (BTR) community in the Indianapolis suburb of Noblesville. Completion is slated for fall 2027. Avanza at Hyde Park is the first BTR development for Trinitas under its Avanza brand. The project will feature one-, two- and three-bedroom villas along with two- and three-bedroom townhomes. An amenity center will include private conference rooms, a resident lounge, open green space, a pool, outdoor lounge areas, a dog park and walking trail. The project is situated across from Noblesville’s Hamilton Town Center, a 950,000-square-foot, open-air retail center.
DALLAS — JLL has arranged a $130 million loan for the refinancing of a portfolio of three build-to-rent (BTR) properties, two of which are in Texas, totaling 608 units. The two Texas properties include Vireo Medical District, a 210-unit property in the northern Dallas suburb of McKinney, and Vireo Twelve Oaks, a 217-unit property in the northern Austin suburb of Georgetown. The third property is located in the Tampa area. Collectively, the three properties are known as the Vireo BTR Portfolio. Jim Curtin, Lauren Dow, Rex Cruz and Obi Eboh of JLL arranged the debt through KeyBank on behalf of the borrower, Georgia-based developer The Vireo Group.
ANNA, TEXAS — Locally based firm ONM Living has begun leasing a 196-unit build-to-rent community in the North Texas city of Anna. Cottages at Anna Station offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
LAVON, TEXAS — Locally based firm ONM Living has begun leasing a 268-unit build-to-rent community in Lavon, a northeastern suburb of Dallas. Cottages at Lake Lavon offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
NAPERVILLE, ILL. — Peakline Real Estate Funds (PREF) and Lincoln Property Co. have broken ground on The Claire, a 90-unit build-to-rent (BTR) community in the western Chicago suburb of Naperville. The project marks Naperville’s first BTR development, according to the developers. The Claire will offer 34 two-story townhomes and 56 three-story rowhomes with attached two-car garages, private outdoor space and resident amenities. The first residential deliveries are targeted for the second quarter of 2026. FNBO provided construction financing. The project team includes Kinzie Builders as general contractor, BSB as design architect and landscape architect, V3 Cos. as civil engineer and Eleni Designers as interior designer. RPM Living will oversee leasing and property management. The project is the second investment within PREF’s Build To Rent Fund I.
NEW BRAUNFELS, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, is underway on construction of West End Estates, a 218-unit project located northeast of San Antonio in New Braunfels. West End Estates will feature 1,200- to 1,800-square-foot townhomes and amenities such as a clubhouse, pool, sports courts and a playground. Roughly 15 percent of the residences are now complete, and a grand opening event is planned for early next year.