BTR Daily - September 24, 2026 - Peak Capital acquires 105-home SFR community

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NEWS ROUNDUP

ACQUISITION: Peak Capital acquires 105-home SFR community. Peak Capital Partners has acquired a 105-unit single-family rental community in Shelby Township, MI, from Highgate Capital Group. The property has seven two-story buildings on 9 acres, with two-bedroom homes of 1,240 to 1,545 square feet that include walk-in closets, private balconies or patios and garages.

DEVELOPMENT: Dominium plans 350-home BTR near Dallas. Dominium is developing a 350-home affordable BTR community on 30 acres in Terrell, TX. The community will have two-, three- and four-bedroom townhomes for households earning up to 60% of the area median income, along with a clubhouse, gym, pool, playgrounds, outdoor gathering spaces, a school bus shelter and weekly tutoring. Associated Bank and Great Southern Bank provided $58.2M in construction financing for the 4% LIHTC project, and Terrell Housing Finance Corp. issued $64.4M in tax-exempt bonds arranged by Colliers.

FINANCING: Bain Capital and Cherry Tree JV secures $74.7 million loan. BCT Development, a joint venture between Bain Capital Real Estate and Cherry Tree Development, has secured a $74.7M senior construction loan from Canyon Partners Real Estate and J.P. Morgan for a 180-home rental townhome community in Riverside, CA. Chris Marsh, founder and CEO of Cherry Tree Development, said the project fits the firm's strategy of building quality rental housing for residents in markets with ongoing housing shortages. The loan is Canyon's second construction financing for BCT, following a $91.3M loan for a 232-home rental townhome community, also in Riverside. BCT Development, led by co-founders Marsh and Tim Stanley, builds Class A rental townhome communities in Southern California and has two more projects planned in Chino, CA.

DEVELOPMENT: Greystar opens 306-residence rental community in Texas. Greystar has opened a 306-residence rental community in Sanger, TX. The community combines one- and two-bedroom apartments with a limited number of three-bedroom cottage-style homes that have attached two-car garages. Neil Nicholson, senior director of development at Greystar, said the community brings modern living to a growing area, including the chance to rent a single-family home.

READ: Northmarq midyear report.

BTR SUMMIT - PANELISTS ANNOUNCED

Join hundreds of BTR owners, developers, investors, and brokers for a premier build-to-rent event in Atlanta on November 10th. Hear from the CEOs of Parkland Residential, ARK Homes For Rent, Trilogy Investment Company, Center Park Group, Jim Chapman Construction, Laseter Development Group, and more!

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BTR FOR SALE

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94 Units | Built in 2022 | Detached Single-Family Homes | One-, Two-, Three-Bedroom Unit Mix

37 Units | 97% Occupancy | Built in 2020 | CFO: October 7th

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