BTR Daily - August 19, 2025 - Marquesa Capital Partners buys Sarasota land for $35M project

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NEWS ROUNDUP

DEVELOPMENT: Marquesa Capital Partners buys Sarasota land for $35 million BTR project. Marquesa Capital Partners has acquired 11.6 acres off University Parkway in Sarasota County for a planned $35 million BTR community. Principal Peter Olesiewicz confirmed the firm will develop 125 villas—featuring one-bedroom paired villas and two- and three-bedroom detached units, each with private backyards and premium finishes. Amenities will include a pool and dog park. The community, located near the DeSoto Lakes neighborhood and The Mall at University Town Center, is slated to break ground in Q2 2026 with completion expected in 2028. The project will be Marquesa’s fourth BTR community in Florida and seventh in the Southeast. Other ongoing projects include the 140-unit Villas at Gulf Coast in Fort Myers, the 81-unit Villas at Venice nearing occupancy, and a 178-unit development in Pasco County. Marquesa is led by Olesiewicz and Sarasota-based Scot Lloyd, who focus on horizontal multifamily communities that combine the amenities of apartments with the privacy of single-family living.

DEVELOPMENT: Keystone opens first BTR community in Arizona. Keystone Homes has officially debuted The Havenly Prescott, the company’s first BTR community in Northern Arizona. The development features 200 single-family detached rental homes with one-, two- and three-bedroom floor plans. Options range from single-level to two-story layouts, each with private fenced yards and a variety of architectural styles. Leasing momentum has been strong, with 80 homes already spoken for. “This is more than a rental — it’s a return to neighborhood living with purpose,” said Colleen Sweet, area manager with Cushman & Wakefield Property Management. “From sunset strolls to fireside chats, this community is all about rediscovering the joy of connected, simplified living.”

DEVELOPMENT: 13th Floor Homes completes two BTR communities in Florida. 13th Floor Homes, the homebuilding division of 13th Floor Investments, has delivered two new single-family rental communities in Port St. Lucie, FL, adding a combined 346 townhomes to the market. The first, Villas of Torino features 126 BTR townhomes. Units range from three to four bedrooms, include two-car garages, and lease between $2,300 and $2,800 per month. The second, Tredici at Central Park, brings 220 BTR townhomes. Also offering a mix of three- and four-bedroom homes, rents fall between $2,600 and $3,000.

FINANCING: Greystar, CCP Investments expand $1.4 billion US BTR venture. Greystar and Canada Pension Plan Investment Board (CPP Investments) have expanded their U.S. BTR joint venture to a $1.4 billion equity commitment, including $632 million in new equity and $263 million reallocated from the original investment. CPP Investments will hold a 95% equity stake, while Greystar retains 5% and manages development, operations, and long-term property management. The platform will target detached single-family homes, duplexes, and townhomes, aiming to meet demand from renters seeking the benefits of single-family living without ownership burdens. Sam Moore, Senior Managing Director at Greystar, said the JV will deliver “thoughtfully designed homes that combine modern living features with access to shared amenities and green spaces.” Sophie van Oosterom, Head of Real Estate at CPP Investments, added the strategy reflects growing renter demand for purpose-built single-family rentals that blend space, privacy, and amenities.

READ: Mid-sized metro areas outpace national SFR rent growth.

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