BTR Daily - May 26, 2026 - Miramar acquires two Charlotte communities for $55.8M

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NEWS ROUNDUP

ACQUISITION: Miramar acquires two Charlotte communities for $55.8 million. Miramar Capital has acquired two BTR townhome communities in Charlotte from Hopper Communities for a combined $55.8 million. The deals include an 88-unit development and an 89-unit development. The first property delivered in 2023 and offers two- and three-bedroom townhomes, while the second delivered in early 2025 with a similar mix of units. Both communities were reported to be about half leased at the time of sale.

DISPOSITION: Cushman & Wakefield brokers $26.4 million sale of Illinois community. Cushman & Wakefield has brokered the $26.4 million sale of The Manors at Brookmere, a 108-home BTR community in Matteson, Illinois, marking one of the first sales of a stabilized BTR asset in the Chicagoland region. Brad Smith, Jack Maloney, and Anna Lovell of Cushman & Wakefield represented seller Haven Realty Capital, while the buyer was a joint venture between Ashland Capital and Crest Capital.

DISPOSITION: JLL brokers sale of 176 units. JLL has arranged the sale of Cacema Townhomes, a 176-unit BTR in Kissimmee, Florida. JLL’s Ted Taylor and Kyle Butler handled the sale.

JOINT VENTURE: RCLCO Fund Advisors forms JV with pension fund to invest in SFRs. RCLCO Fund Advisors has formed a new joint venture on behalf of a top 50 domestic pension fund to invest in purpose-built SFR communities across select U.S. markets. The program has already made its first investment through the acquisition of an 82-home single-family detached rental community targeting core-plus returns. Taylor Mammen, CEO of RCLCO Fund Advisors, said the partnership reflects the firm’s long-standing conviction in build-to-rent housing, driven by strong and often unmet demand for high-quality, affordable single-family living. Rick Pollack, managing director, said the strategy is supported by structural tailwinds including household formation trends, affordability pressures in the for-sale market, and continued renter demand for professionally managed housing.

READ: BTR firms are acting like the senate-passed housing bill won’t stick.

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