BTR Daily - May 12, 2026 - Rockefeller Group and RPM Living begin welcoming residents

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NEWS ROUNDUP

DEVELOPMENT: Rockefeller Group and RPM Living begin welcoming residents. The first residents have moved into one of two BTR communities nearing completion in South Phoenix, marking the start of occupancy for a broader 152-townhome rollout. Mark Singerman of Rockefeller Group said the early move-ins are an important milestone and that strong initial interest confirms demand for professionally managed homes offering more space and convenience in this part of Phoenix. Together, the two gated communities will deliver 68 townhomes at one site and 84 residences at the second, with layouts including two- and three-bedroom townhomes and two-bedroom carriage-style units.

FINANCING: Walker & Dunlop arranges $71 million refinance for Colorado community. Walker & Dunlop arranged $71 million in refinancing for a 229-unit single-family rental and townhome community in unincorporated Arapahoe County, Colorado. Dustin Stolly, senior managing director at Walker & Dunlop, said the property is well positioned for long-term performance because of its location in the Cherry Creek School District and near major employment centers. The financing was secured on behalf of BMC Investments and Rockpoint, with Prime Finance providing the floating-rate, interest-only bridge loan.

FINANCING: CommLoan expands platform to support BTR financing. CommLoan has expanded its lending platform to support land and BTR financing. Mitch Ginsberg, founder and CEO of CommLoan, said adding these asset classes increases the complexity of the platform’s dataset and improves its ability to match deals more precisely while opening up financing options that have traditionally been difficult for brokers to access.

FINANCING: Cove Capital fully subscribes BTR DST offering. Cove Capital Investments said its Cove Texas BTR 97 DST offering is fully subscribed after raising $27,223,181 in equity from accredited 1031 exchange and direct cash investors. The offering is tied to an 83-unit newly built BTR community in San Antonio and was structured without debt, which the company said removes lender foreclosure risk and allowed it to acquire the asset below appraised value. Dwight Kay said the successful raise reflects investor confidence in Cove’s strategy of acquiring high-quality, debt-free assets in strong markets, while Chay Lapin said the property also has income growth potential as leases reset and rents potentially rise.

READ: Senate housing bill chills $3.4 billion from BTR development.

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