Capital Square Completes Fundraising for Innovative Housing Project
Capital Square's Latest Build-For-Rent Community Success
Capital Square, known for its expertise in tax-advantaged real estate investments, has successfully completed the capitalization of the Capital Square Glendale BFR, LLC. This marks a significant achievement for the company as they continue their expansion within the housing market.
Project Overview and Development Details
The project, which is located in Glendale, consists of a well-planned build-for-rent community featuring 320 units. The offering attracted over $43 million in equity from eager investors who recognize the growing demand for high-quality rental housing. Capital Square is collaborating with Sunstone Two Tree as the co-developer for this impressive venture.
Community Features and Amenities
Upon completion, Ironwood Homes at The Rosefield will Boast 102 detached houses, each approximately 1,655 square feet, along with 218 townhomes averaging 1,257 square feet. Each unit is designed with two stories, direct garage access, and a private yard, ensuring comfort and convenience for residents. The community will be enhanced by diverse amenities, including a recreational pool, spa, fitness center, parks, and BBQ areas, making it an ideal location for families.
Anticipated Completion and Leasing Updates
Though the completion of construction is projected for the third quarter of 2026, nearly 10% of the units have already been delivered, and leasing is in progress. This proactive approach allows residents to move in and settle even before the project is fully completed, showcasing Capital Square's commitment to delivering timely housing solutions.
Strategic Location and Community Benefits
The choice of Glendale for this development is strategic, with nearby amenities such as shopping centers like The Village at Prasada, which features popular retailers. This location also provides excellent connectivity to downtown amenities, making it a desirable place for potential residents.
Economic Outlook and Housing Market Trends
The success of Capital Square's offering evidences the rising demand for thoughtfully designed, build-for-rent communities in thriving areas. As the Phoenix metropolitan area continues growing, with a current population of about five million, rental rates have seen unprecedented growth. This project exemplifies Capital Square's ability to identify and capitalize on market trends, delivering value to investors while meeting community needs.
About Capital Square and Its Commitment to Growth
With a history of over a decade in real estate investments, Capital Square has completed transactions exceeding $7.9 billion. The company also actively manages multifamily living solutions, with over 13,000 apartments under its umbrella. Their expertise lies not just in developing projects, but also in providing comprehensive support for high-net-worth investors through their various services such as due diligence and property management.
Contact Information
For more details on the latest developments or investor opportunities, potential investors can reach out to Capital Square. Contact person Jill Swartz from Spotlight Marketing Communications can be reached via email at jill@spotlightmarcom.com or by phone at 949-427-1389.
Frequently Asked Questions
What is the size of the Capital Square Glendale project?
The project will consist of 320 rental units, including detached homes and townhomes.
When is the expected completion date for the community?
The anticipated completion date for construction is projected for the third quarter of 2026.
What amenities will be available at Ironwood Homes?
The community will offer a pool, spa, fitness center, parks, BBQ areas, and sports courts among other amenities.
Who is the co-developer for this project?
Sunstone Two Tree is serving as the co-developer for the Glendale build-for-rent community.
How long has Capital Square been in operation?
Capital Square has been in the real estate investment space since 2012, completing numerous projects worth billions.
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