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BTR Daily - July 23, 2025 - Capstone Communities announces BTR community in Georgia

BTR Daily - July 23, 2025 - Capstone Communities announces BTR community in Georgia

Halstatt and Soltura open first phase of BTR community in Florida. Trilogy Investment and Infinity reach 90% occupancy. JLL arranges $26M bridge loan. BTR is reshaping the future of multifamily investing. Two new BTR deals.

Matt H & Aid Sopjani
July 23, 2025

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NEWS ROUNDUP

DEVELOPMENT: Capstone Communities announces BTR community in Georgia. Capstone Communities has announced plans for The Villas at Bloomingdale, a 263-unit BTR community set to rise on 32 acres in Bloomingdale, a fast-growing submarket west of Savannah, Georgia. The new development will feature a mix of cottages, duplexes, and townhomes, designed to blend the charm of Southern architecture with the ease of maintenance-free rental living. Construction is set to begin soon, with first units delivering by fall 2026 and full completion expected by early 2027. Designed by Nequette Architecture & Design, the project emphasizes a “new urbanism” layout with sidewalks, pocket parks, ponds, and green space to foster a walkable, connected neighborhood. This marks another major step in Capstone’s expansion in the BTR space, with 12 communities now open or under construction across the Southeast. The project’s general contractor is CBI Construction Services, with Capstone Properties set to begin pre-leasing next spring.

DEVELOPMENT: Halstatt and Soltura open first phase of BTR community in Florida. Halstatt Real Estate Partners and Soltura Development Group have opened the first phase of Swell by Soltura, a 200-unit BTR community in Bonita Springs, Florida, with the remaining units scheduled to be delivered in future phases. The project secured a $47 million construction loan from Equity Bank in 2023 and broke ground the same year. Avenue5 Residential has been tapped to manage the property. Swell by Soltura features one- to three-bedroom two-story cottages ranging from 747 to 1,626 square feet, each with private first-floor entrances and fenced backyards averaging 530 square feet. Community amenities include a swimming pool, gym, dog park, and co-working spaces. This marks Halstatt’s seventh BTR project and the fourth joint development with Soltura. The two firms also co-own Argos by Soltura, a 139-unit BTR property in Fort Myers. Halstatt’s overall BTR portfolio now exceeds 1,350 rental homes.

DEVELOPMENT: Trilogy Investment and Infinity reach 90% occupancy at BTR in South Carolina. Trilogy Investment and Infinity Real Estate Management have announced that Rêve Park Ridge, their first BTR townhome community in Little River, North Myrtle Beach, has reached 90% occupancy as of June 2025. Developed through a strategic joint venture, Rêve Park Ridge represents a significant milestone for both firms in addressing the evolving needs of aspirational renters. “This joint venture exemplifies the power of collaboration to create exceptional living experiences,” said Jason Joseph, CEO and Managing Partner of Trilogy. “Rêve Park Ridge sets a new standard for luxury BTR living in North Myrtle Beach.” Greg Jones, Chief Investment Officer for Infinity, emphasized the development’s broader vision: “Park Ridge represents a strategic expansion of Infinity’s mission — offering institutional-grade rental solutions for renters who desire the quality of homeownership without the burden. Trilogy’s partnership has been pivotal in unlocking this new model.” Gina Davis, SVP of Property Management and Marketing at TIC, praised the leasing achievement: “This success is a direct result of the unwavering hard work and dedication of our entire team.”

FINANCING: JLL arranges $26 million bridge loan for BTR near Orlando. JLL Capital Markets has secured a $26 million construction take-out bridge loan for Magnolia at Powell, a 132-unit BTR community located in Wildwood, Florida. The three-year, floating-rate loan was arranged by JLL’s Debt Advisory team, including Max La Cava, Melissa Quinn, Bob Rothaug, and Jade Starkey, on behalf of the borrower, Agador Spartacus Development. Financing was provided by a domestic investment management firm and its international mezzanine debt partner. Completed in January 2025, Magnolia at Powell is currently 40% leased and features age-inclusive rental housing across one-, two-, and three-bedroom townhomes averaging 1,162 square feet.

READ: BTR is reshaping the future of multifamily investing.