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  • BTR Daily - August 6, 2025 - Madison Communities acquires its first BTR asset for $39.5M

BTR Daily - August 6, 2025 - Madison Communities acquires its first BTR asset for $39.5M

Advenir Oakley, Capstone complete $78M project. CoreVest provides $3.6M for 72 properties. AMH posts strong Q2 2025 results. Will BTR dominate the housing market? Two new BTR deals.

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NEWS ROUNDUP

ACQUISITION: Madison Communities acquires its first BTR asset for $39.5 million. Madison Communities has completed its first BTR acquisition, picking up The Collective at Archer, a 172-unit stabilized community in Gainesville, Florida, for $39.5 million. The seller was LCA Development. Delivered in 2023, the property was originally financed with a $26.2 million construction loan from Ameris Bank, now assumed by Madison and held by Greystone. While this is Madison’s first BTR acquisition, the company is no stranger to the sector, with multiple BTR projects underway in Charlotte, Charleston, and Savannah-Hilton Head. The Collective at Archer spans 24 acres and offers one- to three-bedroom detached cottages, each with private fenced-in yards. Amenities include a pool, clubhouse, fitness center, and outdoor lounge areas. The property boasts a 96% occupancy rate, exceeding the national BTR average, and is currently the only stabilized BTR community in the Gainesville market.

DEVELOPMENT: Advenir Oakley and Capstone complete $78 million BTR project in South Carolina. Advenir Oakley Capital and Capstone Building have completed LEO Jamestown, a $78 million BTR community in Greer, South Carolina. The project features 296 one- to three-bedroom homes with rents ranging from $1,399 to $2,099. Amenities include a resort-style pool, clubhouse, pool house, fitness center, and outdoor green spaces. Advenir Azora will manage the property.

FINANCING: CoreVest provides $3.6 million for 72 properties. Brendan Hamilton, VP at CoreVest, announced that CoreVest has funded a 72-property rental portfolio across Waterloo-Cedar Falls, Iowa. The funding came in the form of a $3.6 million loan.

MARKET: AMH posts strong Q2 2025 results. AMH reported a solid second quarter for 2025, driven by rising rental income, high occupancy, and robust development activity. The company posted $105.6 million in net income, up from $92.1 million a year earlier. Total rents and other revenues rose 8.0% YoY to $457.5 million, reflecting higher rental rates and a larger average occupied portfolio of 58,282 homes. Core NOI from Same-Home properties increased 4.1%, while total portfolio Core NOI jumped 8.7% to $264.1 million. Leasing fundamentals remained strong, with a 96.3% average occupancy rate and 4.3% blended rent growth on new and renewal leases. AMH delivered 636 new homes through its development program and issued $650 million in 4.95% senior notes, boosting liquidity. The company raised full-year 2025 Core FFO guidance to $1.86 per share, reflecting 5.1% YoY growth. CEO Bryan Smith credited strong spring leasing performance and operational discipline as drivers of the company’s continued outperformance.

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BTR FOR SALE

Click each image for more information:

Cali Cove | 5301 Taylor Road, Punta Gorda, FL 33950

Forward Sale Investment Opportunity | 89 Units | Construction to Begin in May 2025 | Homes Take About ~4 Months to Complete

Annex at Cadence | 9411 E Cadence Pkwy, Mesa, AZ 85212

135 Units | Luxury Built | Attached 2-Car Garages | Private, Enclosed Patios | 96% Occupied

ONE MORE THING

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