BTR Daily - May 8, 2025 - Dominium to break ground on Phoenix BTR

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NEWS ROUNDUP

DEVELOPMENT: Dominium to break ground on Phoenix BTR. Dominium will break ground this month on Saddleback Village at Stonegate, a 215-unit affordable BTR community in Maricopa, AZ. Designed by Todd & Associates and built by general contractor Lifestyle Homes, the project will serve residents earning up to 60% of the area median income. The 19-acre site was acquired for $8.3 million in December. Homes will feature three- and four-bedroom layouts with private backyards, 9-foot ceilings, and key-fob entry. Amenities include a playground and outdoor gathering spaces. Financing includes a $45.7M Freddie Mac loan and $41.5M in LIHTC equity, arranged by Walker & Dunlop. Project partners include Western Alliance Bank, Bremer Bank, Arizona Department of Housing, U.S. Bank, and several law and engineering firms. Dominium plans to develop 1,500 affordable units across 35 Arizona projects in the coming years.

DEVELOPMENT: JCCG opens clubhouse at 244-home community. Leasing is underway at The Cottages at Battlefield Crossing, a 244-home BTR community developed by Jim Chapman Construction Group (JCCG) in Ringgold, Georgia. The community recently celebrated the grand opening of its 4,000 SF clubhouse, which anchors a suite of amenities including a resort-style pool, fitness center, gated entry, and on-site management. Two model homes—the Tucson and the Richmond—are now open for tours. President Jim Chapman emphasized the project’s on-time, on-budget delivery and its value to both investors and residents. The community is part of JCCG’s Ranch Cottages for Rent portfolio, featuring accessible designs and upscale finishes.

EXPANSION: Atlas launches $300 million investing initiative. Atlas Real Estate, led by CEO Tony Julianelle, has announced a $300 million capital commitment to invest in BTR communities across the top 100 U.S. markets. The firm is actively seeking partnerships with brokers, developers, and landowners to identify high-quality opportunities.

EXPANSION: Verdot Capital seeks development sites in Central Texas. Verdot Capital is actively looking to acquire BTR development sites in the Austin and San Antonio metro areas. Target criteria include 10–20 acres with the potential for 100–200 units.

READ: Single family rentals are up 4.3% from last year.

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