BTR Daily - July 3, 2025 - Mosaic and Atlantic Jasper complete 240 units

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NEWS ROUNDUP

DEVELOPMENT: Mosaic and Atlantic Jasper complete 240 units. Mosaic and Atlantic Jasper have completed construction on The Flats at Jasper, a 240-unit BTR community in Prescott Valley, Arizona. Spread across 26.1 acres, the luxury BTR community features horizontal apartment-style homes ranging from 760 to 1,039 sq. ft., with amenities including a 5,000-sq.-ft. clubhouse, fitness center, pool, spa, dog park, and walking trails. David Brown of Atlantic Jasper praised Mosaic’s execution, while Alex Pollack, VP at Mosaic, highlighted the milestone as Mosaic’s third completed community in Jasper, bringing its total unit deliveries in the area to nearly 750 homes.

DEVELOPMENT: TerraLane Communities acquires 22 acres. TerraLane Communities has acquired 22 acres in Queen Creek, Arizona, to develop TerraLane at Hudson Station, a 218-unit BTR community set to begin leasing in 2027. In partnership with Hancock Builders—marking their sixth collaboration—TerraLane has commenced construction on the community. Mark-Taylor Residential will handle leasing and property management, while Western Alliance Bank and 400 Capital Management are financing the project. The site will feature 24 single-story, two-bedroom duplexes, 97 three-bedroom townhomes, and 97 four-bedroom townhomes—each with direct-access two-car garages, stainless steel appliances, and smart home tech like keyless entry and fiberoptic connectivity.

ACQUISITION: Nhimble goes under contract on 73 BTR townhomes. Nhimble has announced it is under contract for 73 BTR townhomes in the Tampa, Florida MSA, acting on behalf of one of its clients. The transaction was sourced with the help of Travis Strong, and broker Matthew Holley played a central role in bringing the deal to contract. All parties are now focused on ensuring a smooth closing.

ACQUISITION: ARK Homes for Rent closes 103-home community in Georgia. ARK Homes For Rent has officially closed on Rice Hope, a 103-home BTR community located in Port Wentworth, Georgia. Key contributors to the deal include Andy Wu, Stefano Pulignano, Josef Bittman, Jennifer Spillane, Jarrod Barkwell, Tracee Shaw, Ashley Hagan-Cooper, Gilnnie Mendez, Brandon Peters, and Jaekwon "Jae" Soh. The acquisition comes as part of an ongoing partnership with D.R. Horton, one of the nation’s largest homebuilders. ARK Homes for Rent extended special thanks to the D.R. Horton team—Luis Magdaleno, Brian Hunt, Matthew Moore, Nick Bendorf, Todd Kenny, Jay Coombe, and Sean Ware—as well as Peter Chacon and John Currin of Northmarq, for their efforts in bringing the deal to the finish line.

READ: Institutional investors aren’t the villains of America’s housing market.

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39 Units | 77% Occupancy | Completed in 2023 | 2-Car Garages | Privacy Fences Between Yards | Covered Porch or Rear Patio

16 Units | Master NNN Lease Agreement in Place For All Units | On-Site Parking

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