Single-Family Build-to-Rent Development – Phoenix, AZ
- Property Type: Single-Family Build-to-Rent
- Financing Amount: $13,900,000
- Purpose: Ground Up Development
- Location: Phoenix, AZ
- Capital Source: Private Equity
Transaction Details:
Tower Capital secured $13.9 million for Arise North PHX, a BFR project adjacent to Anthem, a 5,860-acre master-planned community in Phoenix’s North Valley. The project will feature 170 detached units including one, one and half and two bedrooms, averaging 850 square feet. The project is set to commence construction in December 2021 and begin delivering units in Q3 2022. This will be Family Development’s second single story rental project in the Phoenix metro and fourth build-for-rent project in the Phoenix metro. More projects are in the works for Idaho, Texas and California.
About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $3 Million to $300 Million and have financed nearly 2 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
