BTR Daily - June 16, 2026 - TWO Capital Partners secures financing for 199-unit BTR

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NEWS ROUNDUP

FINANCING: TWO Capital Partners and Origin Investments secure financing for 199-unit BTR. TWO Capital Partners and Origin Investments have secured construction financing for Tessa Madison, a 199-unit BTR community in Madison, Tennessee. Financing was arranged by Patterson Real Estate Advisory Group through Invitation Homes, while TWO Resi Build, a wholly owned subsidiary of TWO Capital Partners, will serve as general contractor.

DEVELOPMENT: Woodfield breaks ground on 114-unit BTR. Woodfield Development has broken ground on The Radler Townhomes, a 114-unit BTR community in Summerville, South Carolina. The community will feature three-story townhomes with two- to four-bedroom layouts ranging from 1,788 to 2,401 square feet. Some homes will include private yards, while interiors will feature quartz countertops, stainless-steel appliances, walk-in closets, and one- or two-car garages. Vertical construction is expected to begin in August, with completion planned for Q4 2027.

DEVELOPMENT: Leasing begins at Material Capital’s 170-home community in Georgia. Material Capital Partners has launched leasing at River Ford, a 170-home BTR community in Brunswick, Georgia, with the first homes delivered in May. Alex Chalmers, Founder and Managing Partner of Material Capital Partners, cited continued population and employment growth in Brunswick as a key driver of demand, while Khrista Villegas, Managing Director, highlighted Greystar, which will manage leasing and day-to-day operations for the community.

DEVELOPMENT: Policy uncertainty slows institutional SFR and BTR investment. A new ResiClub survey of 14 institutional SFR owner/operators, developers, and investors found that policy uncertainty is causing many firms to slow or pause single-family rental and build-to-rent investment. The survey, conducted between April 28 and May 26, 2026, included large operators with at least 100 single-family rentals or BTR developers, with half of respondents owning more than 1,000 homes. 80% of firms said their outlook on deploying capital into SFR/BTR has worsened over the past six months, while 70% said policy uncertainty has significantly disrupted or completely halted acquisition or development plans.

READ: Kansas City BTR properties continue to expand.

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