BTR Daily - February 10, 2026 - Trilogy breaks ground on 194-unit townhome community

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NEWS ROUNDUP

DEVELOPMENT: Trilogy Investment breaks ground on 194-unit BTR community in South Carolina. Trilogy Investment has closed a construction loan and broken ground on a 194-unit BTR townhome community in Myrtle Beach, South Carolina, advancing a fully owned project in a high-growth coastal Sun Belt market. Jason Joseph, CEO and Managing Partner of Trilogy Investment Company, said the milestone reflects a long-term commitment to the site and positions the firm to deliver new rental housing amid sustained in-migration and demand in Horry County, which has grown more than 25% since 2010. REV3 Homes will serve as builder, with vertical construction expected to begin in Q2 2027, leasing in Q3 2027, and initial deliveries in Q4 2027.

DEVELOPMENT: Integrity Community Builders delivers 198-home BTR in Texas. Integrity Community Builders has completed a 198-home BTR community in Cypress, Texas, marking its 17th completed BTR project and surpassing 2,000 rental homes delivered. The detached-home community was developed in partnership with PCCP and features Class A amenities, representing a milestone in Integrity’s expanding BTR platform.

FINANCING: JLL arranges $44 million bridge refi for Florida BTR. JLL arranged a $44 million construction takeout bridge loan for a newly built 243-unit BTR community in Wildwood, Florida, representing borrower Grupo Trusot. The floating-rate financing was provided through a $5 billion publicly traded REIT, and JLL said the bridge refinancing reduced the developer’s cost of capital after the firm originally arranged the project’s construction loan in 2023. The JLL team was led by Max La Cava and Melissa Quinn.

FINANCING: Dwight Mortgage Trust refinances 260-unit townhome community. Dwight Mortgage Trust provided a $67.5 million bridge refinancing for Blue Iron Development’s 260-unit townhome-style multifamily community in Saratoga Springs, New York. The loan was originated by Dwight’s David Scheer and Alex Izso and replaces an identical $67.5 million Dwight loan Blue Iron secured two years earlier.

READ: The single-family rental is on the decline.

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98 Units | Built in 2023 | Avg. Market Rent per SF: $2.04 | 2-Car Garages

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