Latest news with #buildtorent
Yahoo
30-07-2025
- Business
- Yahoo
AVANTA Residential Announces Grand Opening of Avendale Chisholm Trail Ranch in Fort Worth, Texas
FORT WORTH, Texas, July 30, 2025--(BUSINESS WIRE)--AVANTA Residential is proud to announce the grand opening of Avendale Chisholm Trail Ranch, a premier build-to-rent community is conveniently located south of downtown Fort Worth, Texas. This highly anticipated neighborhood combines the flexibility of rental living with the comfort and privacy of a single-family home, offering a welcoming and enriching lifestyle for its residents. Shop Top Mortgage Rates Your Path to Homeownership Personalized rates in minutes A quicker path to financial freedom Avendale Chisholm Trail Ranch features 247 well-designed homes, with options ranging from one- to four-bedroom layouts in both patio and townhome styles. Boasting modern touches and functionality, each residence incorporates thoughtfully designed spaces, ideal for contemporary living. With this diverse selection, the community caters to a variety of household sizes and needs. Residents will enjoy an impressive collection of community amenities that encourage wellness, relaxation, and connectivity. Highlights include a resident amenity center featuring a clubroom with a kitchen, a state-of-the-art fitness center, a yoga lawn, and a resort-style pool. Outdoor living areas such as courtyards, lounge areas, dog parks, walking trails, and playgrounds complete the vibrant setting, offering a range of activities for all ages. Nestled conveniently south of downtown Fort Worth, Avendale Chisholm Trail Ranch offers easy access to numerous dining, shopping, and entertainment options. Just across Chisholm Trail Parkway, The Shops at Chisholm Trail Ranch host a variety of national retailers such as Ross, Marshalls, Old Navy, Ulta, Five Below, Famous Footwear, Tuesday Morning, Dollar Tree, Bath & Body Works, America's Best, Aria Nail Bar, Pacific Dental, AT&T, Sprint, The Joint, Great Clips and Sport Clips and many other retailers. This unbeatable location balances urban convenience with serene suburban charm. Commenting on the grand opening, Peter Spier, President of AVANTA Residential, stated, "We're thrilled to bring Avendale Chisholm Trail Ranch to life as part of our expansion in the Dallas Metroplex. Fort Worth's rapid growth and strong community spirit make it the perfect location to offer a high-quality, single-family rental option to residents." Homes are available now, with rental prices ranging from $1,535 to $3,099. To schedule a tour or learn more about Avendale Chisolm Trail Ranch, please call (682) 936-1178, email AvendaleAtChisholmTrail@ or visit About AVANTA AVANTA Residential is a private real estate investment company focused exclusively on the Build-To-Rent (BTR) industry. The Company develops, acquires and invests in BTR communities across the United States. In addition, AVANTA invests in third-party BTR projects and has the flexibility to structure investments with common equity, preferred equity, and other joint venture solutions with qualified sponsors and well-conceived projects. AVANTA was created from the deep experience of Hunt Companies Inc., a diversified, family-owned holding company responsible for completing more than $8.5 billion in real estate development and more than 70,000 single-family rental homes across the United States, 61,000 of which are still owned and operated today. In 2021, Invesco Real Estate, a global real estate investment manager, acquired a majority interest in AVANTA. For more information, please visit View source version on Contacts Stephanie Sierra915/342-4565
Associated Press
10-06-2025
- Business
- Associated Press
Townbridge Announces Full Launch of Mihir – A Modern Rental Townhome Community in Taylor, TX
06/10/2025, Taylor, Texas // KISS PR Brand Story PressWire // Townbridge, a leading developer of next-generation build-to-rent communities, is proud to announce the full launch of its inaugural Mihir townhome development in Taylor, Texas. This milestone marks the completion of all four residential complexes within the community, with leasing momentum accelerating and full occupancy expected by year's end. Mihir represents a new evolution in rental living — offering thoughtfully designed, modern townhomes with the space, privacy, and elegance traditionally reserved for ownership, all at a price point comparable to standard apartment complexes. With detached garages, private entrances, and high-end interior finishes, each Mihir residence is crafted to meet the needs of today's renters seeking more from their living experience. 'People are renting longer than ever before, but they still want a place that truly feels like home,' said Aaron Levy, CEO of Townbridge. 'Mihir was designed to bridge that gap — offering renters the space and comfort of a townhome without sacrificing the flexibility and affordability of renting. It's the next step in our mission to redefine what rental living can be.' Mihir builds upon the success of Townbridge's Casata communities, which introduced standalone cottage-homes built around community and affordability. While Casata provided a lifestyle solution for minimalist renters, Mihir caters to individuals, couples, and families seeking a more spacious, elevated environment — without the long-term financial or maintenance burdens of homeownership. Key features of Mihir townhomes include: Located in the fast-growing community of Taylor, just outside Austin, Mihir offers convenient access to employers, schools, and lifestyle amenities while maintaining a peaceful, residential atmosphere. The successful completion of Mihir's construction phase demonstrates Townbridge's commitment to creating housing solutions that respond to the changing dynamics of the American rental market. As demand continues to rise for high-quality, attainable rental housing, Townbridge remains focused on delivering communities that provide both value and a true sense of home. For leasing information or to learn more about Mihir, visit Media Contact: Lola Iparraguirre Email: [email protected] Phone Number: 512-800-4534 Location of Release: Taylor, TX About Townbridge: Townbridge is a next-generation real estate development company specializing in build-to-rent communities across the United States. Focused on creating lifestyle-driven housing that meets the needs of modern renters, Townbridge designs and delivers innovative residential solutions— from micro-home villages like Casata to full-scale townhome communities like Mihir. With a commitment to thoughtful design, long-term value, and vibrant neighborhood living, Townbridge is helping shape the future of rental housing.
RNZ News
25-05-2025
- Business
- RNZ News
Kiwi Property posts profit as rent income rose, downturn eased
The iconic blue walls in the Ikea building in Sylvia Park started being installed in November 2024. Photo: Supplied One of the country's biggest landlords, Kiwi Property, is back in the black as rental income increased and the downturn in property valuations eased. Key numbers for the 12 months ended March compared with a year ago: The company, whose portfolio included Auckland's LynnMall, Sylvia Park and Vero Centre, said net rental income rose 5 percent to $194.1 million. Leaving aside one-offs, operating profit was up 7 percent to $116.2m. Chief executive Clive Mackenzie said operational cost-cutting led to a 23 percent year-on-year fall in staff and administration expenses. Recently, Kiwi Property has invested heavily in build-to-rent (BTR) apartments, marked by the opening of the country's biggest build-to-rent development, Resido, at Sylvia Park last year . However, since opening, the company has faced a "competitive" rental market, with rental supply outpacing demand. But Kiwi Property said leasing at Resido was faster than expected, with 85 percent leased in under 12 months. "While still early, initial data from ANZ Research shows that the average Resido resident is spending three times more within the wider Sylvia Park precinct than before they moved into our BTR asset," Mackenzie said. In the year ahead, key milestones for Kiwi Property included the upcoming opening of Swedish furniture giant IKEA next to its Sylvia Park centre . "With the economic downturn easing, premium retail centres like Sylvia Park are poised to accelerate their growth," the company said. Kiwi Property said IKEA would likely draw visitors from across the country. "The opening of IKEA next to our centre, scheduled for later in the calendar year, is expected to drive retail tourism and a significant boost in foot traffic for Sylvia Park, attracting new customers from across the country to visit." Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Yahoo
18-05-2025
- Business
- Yahoo
'Build baby build' to tackle housing crisis
Hundreds of millions of pounds could be invested in housing in Scotland if the Scottish government had clearer policies, a leading businessman has claimed. Sir Tom Hunter said that he knew of developers who were choosing to take "build to rent" projects to Birmingham or Manchester because they were unsure of how rent caps would work in Scotland. Social Justice Secretary Shirley Anne Somerville defended the principle of having rent controls during a cost of living crisis, but said legislation currently going through Holyrood would give developers the certainty they need about the policy. And she said ministers were doing a "tremendous amount of work" with private firms to improve the planning process. 'We've been living in fear of eviction for four years' What is a housing emergency? Scottish government declares national housing emergency In a wide-ranging interview Sir Tom also called for Scotland to be more like Singapore in bid to improve the education system and deliver a better health service. And he said ministers should be paid more in a bid to attract the "best talent" into politics. Last May the Scottish government declared a national housing emergency. But Sir Tom told BBC Scotland's The Sunday Show the crisis could be solved "tomorrow morning". He added: "It's very simple. Build baby build, to take a phrase from over the pond. "To solve the housing crisis you need to build more houses. Really? That's it." The entrepreneur said housing investors allocate their investment where they understand the policy. He said: "I know of hundreds of millions of pounds that are sitting on the sidelines, not coming to Scotland because the investors go: 'We are not quite sure what the Scottish government's housing policy is. Rent cap? No rent cap? What is it? "We will just go to Manchester. We will just go to Birmingham. "And therefore sort the policy. Sort it tomorrow and hundreds of millions of pounds will flow into Scotland." The businessman said a joined-up approach would also create opportunities for apprentices. Ms Somerville, who also appeared on The Sunday Show, said she held talks with representatives of investors in the build to rent market last week. She added: "While we have had a disagreement about whether rent controls should come to Scotland or not, the government's been very clear that it should. "But we are very clear to do that in a way that will provide that certainty for private investors." The minister said the housing bill that is currently going through parliament had a formula on rent caps and added the change was made after listening to private developers. Meanwhile, Sir Tom also told the programme that ahead of the Holyrood election next year he wanted to look at "the big ideas, the bold ideas for Scotland." He added: "If we look at where we are, a state of the union - not in a political sense - but our education standards are falling, our health service is struggling and we have a lacklustre economy. "If this was a business, which is my background, I would be looking to see where my competitors were doing better than me." Sir Tom commissioned a report on what lessons Scotland could learn from Singapore as he said it had one of the best GDPs of capita in the world. He also highlighted the fact that the prime minister of Singapore earns $2.2m Singapore Dollars (£1.27m). In comparison First Minister John Swinney earns £165,000. Sir Tom said: "Countries with the best talent win. "Do we have the best talent running our country?" Asked to answer his own question, he replied: "I would say we could do better. "We need to encourage better people into politics. "The hardest job in this country is running the country."
BBC News
18-05-2025
- Business
- BBC News
'Build baby build' to tackle housing crisis
Hundreds of millions of pounds could be invested in housing in Scotland if the Scottish government had clearer policies, a leading businessman has claimed. Sir Tom Hunter said that he knew of developers who were choosing to take "build to rent" projects to Birmingham or Manchester because they were unsure of how rent caps would work in Scotland. Social Justice Secretary Shirley Anne Somerville defended the principle of having rent controls during a cost of living crisis, but said legislation currently going through Holyrood would give developers the certainty they need about the she said ministers were doing a "tremendous amount of work" with private firms to improve the planning process. In a wide-ranging interview Sir Tom also called for Scotland to be more like Singapore in bid to improve the education system and deliver a better health he said ministers should be paid more in a bid to attract the "best talent" into May the Scottish government declared a national housing Sir Tom told BBC Scotland's The Sunday Show the crisis could be solved "tomorrow morning".He added: "It's very simple. Build baby build, to take a phrase from over the pond."To solve the housing crisis you need to build more houses. Really? That's it."The entrepreneur said housing investors allocate their investment where they understand the said: "I know of hundreds of millions of pounds that are sitting on the sidelines, not coming to Scotland because the investors go: 'We are not quite sure what the Scottish government's housing policy is. Rent cap? No rent cap? What is it?"We will just go to Manchester. We will just go to Birmingham. "And therefore sort the policy. Sort it tomorrow and hundreds of millions of pounds will flow into Scotland."The businessman said a joined-up approach would also create opportunities for apprentices. Ms Somerville, who also appeared on The Sunday Show, said she held talks with representatives of investors in the build to rent market last added: "While we have had a disagreement about whether rent controls should come to Scotland or not, the government's been very clear that it should."But we are very clear to do that in a way that will provide that certainty for private investors."The minister said the housing bill that is currently going through parliament had a formula on rent caps and added the change was made after listening to private developers. Meanwhile, Sir Tom also told the programme that ahead of the Holyrood election next year he wanted to look at "the big ideas, the bold ideas for Scotland."He added: "If we look at where we are, a state of the union - not in a political sense - but our education standards are falling, our health service is struggling and we have a lacklustre economy."If this was a business, which is my background, I would be looking to see where my competitors were doing better than me."Sir Tom commissioned a report on what lessons Scotland could learn from Singapore as he said it had one of the best GDPs of capita in the also highlighted the fact that the prime minister of Singapore earns $2.2m Singapore Dollars (£1.27m).In comparison First Minister John Swinney earns £165, Tom said: "Countries with the best talent win. "Do we have the best talent running our country?"Asked to answer his own question, he replied: "I would say we could do better."We need to encourage better people into politics."The hardest job in this country is running the country."
