Developer Duo Inks Refis for Phoenix-Area BTR Communities
JLL Capital Markets arranged a $33.05 million and $31.25 million refinancing of Villas Litchfield and Villas Goodyear, respectively, two newly constructed luxury build-to-rent communities in Phoenix’s West Valley.
JLL represented the borrower, an affiliate of Blue Vista Capital Management, LLC and Family Development, in securing the loans with ORIX Corporation.
Both properties delivered their final units in 2025 and feature single-story villa designs, with 153 units at Litchfield Park and 151 at Goodyear. Each unit features a private, enclosed backyard with green turf, stainless steel appliances and in-unit washers and dryers.
Community amenities include pools, 24-hour athletic centers, dog parks with no breed or weight restrictions, organic community gardens adorned with citrus trees, EV charging stations and grill stations with stainless steel grills.
Both properties are managed by Greystar.
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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