Capital Square Fully Capitalizes $43M Build-For-Rent Community in Glendale

Capital Square, a leader in tax-advantaged real estate investments, has announced the full capitalization of its offering, Capital Square Glendale BFR, LLC, raising over $43 million for a 320-unit build-for-rent community in Glendale, Arizona. Partnering with Sunstone Two Tree, the project, named Ironwood Homes at The Rosefield, will feature a mix of detached single-family homes and townhomes, complete with modern amenities and strategic location benefits. Louis Rogers and Whitson Huffman of Capital Square highlighted the project's alignment with the growing demand for quality rental housing in prime locations, underscoring its potential to deliver value to investors and meet the needs of the Glendale community.

The development is strategically located near major retail outlets, downtown Phoenix, and key transportation hubs, enhancing its appeal to potential residents. With Phoenix being a top-performing rental market and Glendale's industrial submarket expanding, the project is well-positioned for success. Capital Square's track record and the project's timely completion under budget further bolster confidence in its potential impact on the local real estate market and investor returns.