Tower Capital Secures $186M for BTR Developments

Phoenix-based Tower Capital has arranged $185.7 million in financing for four build-to-rent communities–three in Arizona and one in North Carolina–with a total of 741 units.

Tower Capital has closed more than $750 million in financing transactions for BTR developments and has another $500 million of projects in the pipeline. Since 2018, the firm has closed financing on 30 BTR communities, with more than 5,000 units across multiple states including Arizona, Texas, Alabama and North Carolina.

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