BTR Daily - November 25, 2025 - BrightSky Residential launches Southwest division with 800-home BTR

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NEWS ROUNDUP

DEVELOPMENT: BrightSky Residential launches Southeast division with 800-home BTR pipeline. BrightSky Residential has established a Southeast Division based in Charlotte to develop and lease single-family BTR communities across North Carolina, South Carolina and Georgia. CEO Leonard Miller cited strong population and job growth in the Carolinas and the broader Southeast as key drivers of demand. The Southeast leadership team includes Hamilton Stolpen, whose background spans Core Spaces, American Homes 4 Rent and major homebuilders; Jared Barrett, vice president of operations; and Donny Fineberg, who joined in 2025 with BTR and multifamily acquisition experience.

DEVELOPMENT: Material Capital Partners begins pre-leasing for 82-home community. Material Capital Partners has started pre-leasing Indigo Cove, an 82-townhome BTR community in Bluffton, South Carolina, with first deliveries expected in January 2026. “Indigo Cove captures the essence of Bluffton’s relaxed and coastal lifestyle,” said Alex Chalmers, founder and managing partner of Material Capital Partners. Greystar will manage the community. “We selected Greystar for their proven expertise in premier BTR communities,” said Khrista Villegas, managing director at Material Capital Partners.

FUNDRAISING: Capital Square launches Blue Horizons BFR to develop 238-unit BTR in Arizona. Capital Square has launched Capital Square Blue Horizons BFR to raise equity from accredited investors for a 238-unit BTR community in Buckeye, Arizona. “Phoenix remains one of the most dynamic housing markets in the nation,” said Louis Rogers, founder and co-CEO of Capital Square, citing population growth and strong rental demand. Whitson Huffman, co-CEO and CIO, emphasized the region’s expanding economic base.

FINANCING: Interstate Development secures $34.3 million in financing for 109-unit community. Interstate Development has obtained approximately $34.3 million in five-year permanent fixed financing for its newly completed 109-unit community in Woodbury. Andy Finn of Northmarq arranged the refinancing.

READ: Dwellsy’s Q3 2025 rental housing report.

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Forward Sale Opportunity | 102 Units | First Starts in November 2025 | First Deliveries in March 2026 | Attached 2-Car Garages

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