Capital Square Expands with New Build-For-Rent Community
Capital Square Expands with New Build-For-Rent Community
Capital Square, a prominent real estate investment firm, has announced the successful capitalization of its latest project, the Capital Square Glendale BFR, LLC. This venture signifies another milestone in the company's portfolio, showcasing its commitment to developing high-quality housing communities.
Details of the New Community
The new build-for-rent community, located in Glendale, has garnered over $43 million in equity from numerous investors. Designed to offer modern living spaces, Ironwood Homes at The Rosefield will feature 102 single-family homes and 218 townhomes, combining comfort with practicality. Each home is designed across two stories, complete with a garage and private yard, ensuring residents enjoy privacy along with community amenities.
The project, being developed in partnership with Sunstone Two Tree, demonstrates the company's ability to forge strong alliances and enhance its project portfolios. Community amenities plan to include a pool, spa, fitness center, parks, BBQs, gated entry, and sports courts, creating a true sense of community living for future residents.
Market Trends and Economic Viability
With about 10% of units already delivered, the leasing and move-in processes are in full swing. The demand is evident, reflecting the high rental growth observed in major markets across the region. This community will not only help in addressing housing needs but will also provide attractive returns on investment for stakeholders.
A strategic location complements the community's value; it sits close to essential amenities including shopping and dining outlets like a popular local supermarket and other retail options. Residents will benefit from easy access to major transportation hubs, allowing seamless connectivity to nearby urban centers.
The Future of Ironwood Homes
Looking ahead, the project is slated for completion in late 2026, with construction progressing according to schedule. The evident population growth in the area positions the community favorably within the local economy, attracting families seeking quality rental options. The Glendale region is becoming increasingly popular among investors and developers, showcasing robust economic fundamentals and growth opportunities.
Why Invest with Capital Square?
As an integrated real estate firm, Capital Square provides expertise in tax-advantaged real estate investments. With a track record exceeding $7.9 billion in transaction volume since its debut, the firm stands out as a leader in the industry. Their diverse portfolio includes multifamily communities, touching the lives of many residents across the country.
Capital Square Living manages over 13,000 apartments, ensuring efficient property management and enhancing resident experiences. Their commitment to quality and investor satisfaction sets them apart from others in the market.
Frequently Asked Questions
What is Ironwood Homes at The Rosefield?
Ironwood Homes at The Rosefield is a build-for-rent community developed by Capital Square, featuring single-family homes and townhomes with various amenities.
How much equity was raised for this project?
Over $43 million in equity was successfully raised from investors for the Capital Square Glendale BFR offering.
When is the expected completion date for the community?
Construction for Ironwood Homes at The Rosefield is expected to be completed by late 2026.
What amenities will residents enjoy?
Residents will have access to a pool, spa, fitness center, parks, BBQ areas, and sports courts among other community features.
How does this project benefit investors?
This project represents a solid investment opportunity within a high-demand rental market, potentially delivering attractive returns due to its strategic location and amenities.
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