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.