BTR Daily - May 28, 2026 - PCCP acquires first phase of 84-unit community

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NEWS ROUNDUP

ACQUISITION: PCCP acquires first phase of 84-unit BTR. PCCP has announced the phased acquisition of a Class A, 84-unit BTR townhome community in Sanford, Florida, with the first completed eight-unit tranche already acquired and full project completion expected in the first quarter of 2027. Andrew Barbakoff, senior vice president at PCCP, said the asset offers strong access to major Orlando employment centers and lease rates meaningfully below the cost of owning comparable homes in the area. SIP served as strategic adviser to PCCP, with Managing Principal Sherzod Ibragimov saying the project is positioned to become an important part of Sanford’s continued growth.

DEVELOPMENT: MODUS breaks ground on Scottsdale BTR. MODUS Companies has broken ground on Avala, a 94-home luxury rental community at in Scottsdale. The development is the first single-family rental community in Scottsdale to earn the Net Zero Energy Ready designation, which the company says could reduce residents’ energy costs by 50% to 70% compared with traditionally built homes.

DEVELOPMENT: Adam America and Stellar deliver first homes at 266-unit community. Adam America and Stellar Communities have delivered the first homes at Havens at Palm Bay Reserve, a 266-home BTR community in Palm Bay, Florida, with leasing now underway. David Brickman, CEO of Adam America, said the goal is to offer a refined, low-maintenance lifestyle that combines the comfort of a single-family home with the convenience of professional management, while Larry Baum of Stellar Communities said the project reflects the partners’ focus on high-barrier, supply-constrained Florida markets.

FINANCING: Keystone secures $30 million loan for Arizona BTR. Keystone Homes has secured $30 million in Fannie Mae cash-out financing for The Havenly Superstition, a 166-unit horizontal apartment and cottage-style BTR community in Apache Junction, Arizona. The financing was arranged by Scott Holland, Vin Basa, Brad Burns, and Jeremy Hammill of Berkadia, and the seven-year fixed-rate loan includes full-term interest-only payments.

READ: House drops BTR restrictions from housing bill.

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