Peakline Real Estate Funds Secures New Development Venture
Peakline Real Estate Funds Announces New Investment Venture
The joint venture with Sterling Equities and EDEN Multifamily aims to create a dedicated rental community for prospective tenants. This significant project marks a strategic move for Peakline Real Estate Funds.
Development of a New Rental Community
Peakline Real Estate Funds (PREF) has successfully closed its first investment in the Build-To-Rent (BTR) sector by acquiring a 23-acre site. This strategic purchase is made to develop EDEN Steele Creek, a thoughtfully designed townhome rental community.
The Vision Behind EDEN Steele Creek
The community is set to feature 187 luxury units consisting of two- and three-bedroom townhomes, each equipped with modern amenities including attached garages and outdoor spaces. With a thoughtfully planned assortment of unit finishes, the community intends to attract residents looking for high-quality living spaces.
Features and Amenities
EDEN Steele Creek will provide an expansive set of amenities designed to foster a vibrant community life. Residents will enjoy access to a large clubhouse featuring a swimming pool, co-working spaces, and a fitness center. Lifestyle amenities such as social areas, dog parks, and walking trails will also be part of this intricate community layout.
Strategic Planning for Growth
According to Michael Miller, CEO of Peakline Real Estate Funds, the closing on EDEN Steele Creek signifies a key milestone in their mission to address the growing demand for quality rental properties. The company is focused on creating residential options that fulfill the needs of consumers, particularly in the townhome sector where demand often outweighs supply.
A Commitment to Community and Quality
This project reflects the disciplined, market-based approach that Peakline has adopted in the BTR space. Jason Ross, Managing Director and Fund Manager, emphasized the commitment to developing properties that are not only aesthetically pleasing but aligned with demographic trends that favor rentals.
A Prime Location with Endless Possibilities
Located in a vibrant area that blends urban and suburban living, EDEN Steele Creekâs location is strategically chosen for its accessibility to parks, shopping, and dining opportunities. These features make it appealing to a diverse range of residents seeking a balanced lifestyle.
Looking Ahead: Construction Timeline
Construction of EDEN Steele Creek is anticipated to kick off in the fall of 2025, with plans for completion by mid-year 2027. This timeline allows for careful planning and execution to create an exceptional living environment.
About Peakline Real Estate Funds
Peakline Real Estate Funds is a private investment firm that specializes in diverse real estate opportunities, spanning rental housing, industrial, retail, and office spaces. Currently, the firm has over $1.7 billion in equity invested across multiple funds, indicative of its robust growth strategy.
About Sterling Equities
Sterling Equities is recognized for its partnerships across real estate and sports, offering a diversified portfolio that includes multifamily and commercial properties. Their extensive industry experience enhances the success potential of each project they undertake.
About EDEN Multifamily
A notable joint venture in the real estate sector, EDEN Multifamily leverages decades of development experience to focus on creating housing solutions in high-demand areas. Their commitment to developing boutique projects sets them apart in the marketplace.
Frequently Asked Questions
What is the significance of the EDEN Steele Creek development?
It represents a strategic investment by Peakline Real Estate Funds to address the critical demand for quality rental housing within the Build-To-Rent market.
Who are the partners involved in this development?
The project is a collaboration between Peakline Real Estate Funds, Sterling Equities, and EDEN Multifamily, combining expertise from all parties.
What types of units will be available in the community?
The community will feature two- and three-bedroom luxury townhomes, designed with modern amenities to meet the needs of future residents.
What amenities can residents expect?
Residents will enjoy a clubhouse, swimming pool, fitness center, and various outdoor amenities including parks and trails for a well-rounded lifestyle.
When is the expected completion date for the project?
Construction is set to begin in the fall of 2025, with full completion projected by mid-year 2027.
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