BTR Daily - December 18, 2025 - Wrightwell expands into Midwest with two acquisitions

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NEWS ROUNDUP

ACQUISITION: Wrightwell expands into the Midwest with two BTR acquisitions. Wrightwell has entered the Midwest with the acquisition of Elm Grove in the Kansas City metro and Summit Townhomes in Northwest Arkansas, totaling 191 BTR homes. The deal marks Wrightwell’s first expansion outside the Southeast and brings its national portfolio to 365 units across five communities. Anthony DePalma, CEO and Co-Founder of Wrightwell, said the Midwest offers “durable demand, stable economic foundations and measured new supply,” while Alex Kahn, COO and Co-Founder, highlighted Kansas City and Northwest Arkansas as markets with balanced supply-demand dynamics that support long-term performance.

DEVELOPMENT: Peakline and Lincoln break ground on Naperville BTR. A JV between Peakline Real Estate Funds and Lincoln Property has broken ground on The Claire, a 90-unit BTR townhome community in Naperville, Illinois. The eight-acre project will deliver 34 two-story townhomes and 56 three-story rowhomes, with first move-ins expected in Q2 2026. FNBO is providing construction financing, Kinzie Builders is the general contractor, BSB is leading design and landscape architecture, V3 Companies is the civil engineer, and RPM Living will manage the property.

DEVELOPMENT: True Homes selected for Charlotte BTR community. True Homes has been chosen by Providence Group Capital (PGC) to build a 78-unit BTR townhome community in Charlotte’s Lower South End (LoSo). The project will feature four modern townhome floor plans with premium finishes and easy access to LoSo’s dining, retail, and light rail. Tom Laymon, Market Partner at True Homes, said the focus is on execution excellence and value creation, while James Cole, Partner at Providence Group Capital, highlighted True Homes’ BTR expertise and alignment with PGC’s investment approach.

DEVELOPMENT: Kendall at Gilreath opens 338-unit townhome community in Georgia. Kendall At Gilreath has opened a 338-unit townhome rental communityin Cartersville, adding three- and four-bedroom units as local occupancy reaches 94%. Homes range from 1,525 to 1,700 square feet with attached garages, private yards and covered patios, plus amenities including a dog park, pavilion and green spaces.

READ: California developers eye two areas to solve housing crisis.

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39 Units | Built in 2025 | Attached Two-Car Garages | Forward Purchase Opportunity

125 Units | 96.8% Occupancy | Built in 2022 | 5.9% Growth on Recent Leases

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