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BTR Daily - August 4, 2026 - ICB and PCCP form $200M JV

BTR Daily - August 4, 2026 - ICB and PCCP form $200M JV

Calibrex and Southern Impression secure financing. Mandrake completes Florida BTR. NexMetro opens third Tampa-area BTR community. BTR starts fell 26%. Two new BTR deals.

Matt H & Aid Sopjani
August 06, 2026

Good morning. Welcome to BTR List! In each issue, we cover the top stories, trends, and listings in build-to-rent and single-family rentals.

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NEWS ROUNDUP

JOINT VENTURE: Integrity Community Builders and PCCP form $200 million-a-year BTR venture. Integrity Community Builders and PCCP have formed a JV to develop BTR communities across multiple U.S. markets, supported by an annual equity commitment of up to $200 million. Chad Durham, vice president of BTR at Integrity Community Builders, said the venture could scale the company’s platform across as many as 19 markets, while Jennifer Diaz, partner and head of multifamily at PCCP, said expanding in BTR remains a strategic priority. Planned communities will include detached homes, townhomes, and cottage-style rentals with amenities designed for long-term ownership.

FINANCING: Calibrex and Southern Impression secure financing for 1,096-unit development. Calibrex Developments and Southern Impression Homes have partnered and secured financing for a 1,096-unit master-planned residential development in Ocala, Florida. A publicly traded mortgage REIT provided a $70 million construction loan, while JLL Capital Markets also arranged joint venture equity for the project. Max La Cava and Christopher Drew of JLL arranged the financing package.

DEVELOPMENT: Mandrake Capital completes Florida BTR. Mandrake Capital Partners is pleased to announce the final unit deliveries at its newest BTR community in Gainesville, Florida. The community features a diverse collection of one-, two-, and three-bedroom cottage-style homes, with select residences offering attached garages to provide residents with added convenience and storage. "Delivering the final homes in this community represents another important milestone for our team and reflects our continued commitment to developing high-quality neighborhoods in growing markets," said Joseph O'Connor, Managing Partner of Mandrake Capital Partners.

DEVELOPMENT: NexMetro opens third Tampa-area BTR. NexMetro Communities is opening a new 180-home luxury BTR community in Land O’ Lakes, Florida, marking its third Avilla Homes project in the greater Tampa market. Jack Riddle, vice president of development for NexMetro’s Tampa Division, said the opening is an important milestone for the company’s Florida platform and reflects continued demand for professionally managed single-family rentals as conventional apartment supply moderates.

READ: BTR starts fell 26%.

BTR SUMMIT - PANELISTS ANNOUNCED

Join hundreds of BTR owners, developers, investors, and brokers for a premier build-to-rent event in Atlanta on November 10th. Hear from the CEOs of Parkland Residential, ARK Homes For Rent, Trilogy Investment Company, Center Park Group, Jim Chapman Construction, Laseter Development Group, and more!

Secure your tickets here: BTR Summit Tickets

*Only a handful of Early Bird tickets remain at a $100 discount