NexMetro Adding 23rd Phoenix BTR Community
NexMetro will officially open its 23rd Phoenix BTR community later this month. Avilla Western Garden will opens its doors at 4041 N. 97th Ave., about 15 miles northwest of downtown. This build-to-rent community consists of 195 homes. Multihousing News reports Trez Capital issued a $47.4 million construction loan in May 2024.
The property encompasses one- to three-bedroom, single-level units averaging 967 square feet. Each house includes backyards and front porches, while the community amenities consist of a dog park, swimming pool and outdoor lounge.
The firm’s footprint in the Valley of the Sun has reached more than 4,000 rental homes, while its nationwide portfolio clocked in at north of 10,000 units throughout 63 properties.
Earlier this year, NexMetro expanded its inventory, opening its first property in Austin, Texas: a 150-unit community. Two other completions followed, totaling 484 rental homes across the market.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout