Capital Square to Launch 320-Unit Glendale BTR Venture
Capital Square has raised $43 million in equity from investors in a private placement, enough to get started on a 320-unit build-to-rent community in Glendale, Arizona. Capital Square has partnered with Sunstone Two Tree as co-developer of the project, which will become Ironwood Homes at The Rosefield upon completion.
Located at the southeast corner of Northern Parkway and N. Sarival Avenue, Ironwood Homes at The Rosefield will include 102 detached single-family homes, averaging 1,655 square feet, and 218 townhomes, averaging 1,257 square feet. Each home’s design features two stories, direct garage access and a private yard. Community amenities will include a pool, spa, fitness center, parks, BBQs, gated entry, and sports courts.
While construction is expected to be completed during the third quarter of 2026, approximately 10% of the project’s units have recently been delivered. Leasing and initial move-ins are underway.
Other News
Affinius Lends $226M on Newly Completed Brooklyn Rental Tower
Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
Learn more
Northmarq Arranges $17M Sale, $14M Acquisition Financing for Omaha MF
Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone, with Jim Gibson, brokered the $9.4 million sale of Southfield Apartments. The 84-unit multifamily complex was built in 1993 and is located at 7009 S 83rd St. in La Vista, Nebraska. Northmarq represented the seller, an Omaha-based private investor in...
Learn more
Boutique Arlington Heights Apartments Sell for $25M
JLL has arranged the $25 million sale of FourNorth Apartments, a 76-unit boutique apartment community in Arlington Heights, Illinois. JLL worked exclusively on behalf of the seller, Benchmark Developers, in the sale of the property to a private investor. JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Bill Baumann,...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout