BTR Daily - April 14, 2026 - D.R. Horton sells BTR for $31M

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NEWS ROUNDUP

DISPOSITION: D.R. Horton sells BTR for $31 million. A Florida-based investor tied to MFP Capital has acquired Landing at Stone Chimney, a single-family rental community in Brunswick County, North Carolina, for more than $31 million. Four LLCs linked to Peter Von Der Ahe, managing partner at MFP Capital, bought the property in March from D.R. Horton, the nation’s largest homebuilder.

DEVELOPMENT: Taylor Morrison expands Austin-area BTR push. Taylor Morrison’s BTR brand, Yardly, is expanding across the Austin metro with new apartment-style rental neighborhoods in Georgetown and Hutto in addition to its previously announced Pflugerville project. Ground has already broken on the 326-unit Haverland and 262-unit Westinghouse communities in Georgetown, with Ryan Mattox saying first units are expected in the first and second quarters of 2027, respectively, and full buildout targeted for late 2028 or early 2029. Yardly president Darin Rowe has framed the company’s Austin expansion as a long-term investment strategy.

MANAGEMENT: JAG Management selected to manage 176-home community. JAG Management Company has been selected by Couloir Ventures to manage The Foundry at Renn Quarter, a BTR townhome community in Frederick, Maryland. Patty Holt, president of JAG Management Company, said Couloir Ventures has proven the value of professionally managed BTR communities in Maryland, while Matt McJunkin, chief operating officer at Couloir Ventures, said renters in the segment place a high value on quality property management.

FINANCING: Morningstar DBRS reports improved lease retention and lower vacancy in SFR securitization. Morningstar DBRS said lease retention trends improved in its December 2025 report on rated single-family rental securitizations. The average retention rate for expiring leases rose to 81% in October from 72.2% in September, while retention for month-to-month leases edged down slightly to 91.7% from 91.9%. At the same time, the average tenant delinquency rate on single-borrower transactions increased to 1.7% in November from 1.6% in October, while the average vacancy rate improved, falling to 7.1% from 7.6%.

READ: Southwest Las Vegas sees surge in BTR communities.

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BTR FOR SALE

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88 Units | Avg. Unit Size: 1,480 SF | First Deliveries in July 2026 | One-Car Garages | Two-Car Driveway

78 Units | Built in 2024

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