More than what the traditional housing market has to offer

Avilla Railhead

Dec 23, 2025John Burns Research & Consulting New Home Trends Institute

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Avilla Railhead is a build-to-rent (BTR) community in Cleburne, Texas, developed by NexMeto Communities under its Avilla Homes national brand. The neighborhood consists of 211 cottage-style 1-, 2-, and 3-bedroom homes that offer the freedom and lifestyle of a single-family detached home with the maintenance-free living of a class A apartment. Avilla Railhead appeals to a diverse range of residents including young professionals, new families, people in a mid-life transition, and 55+ downsizers who want to simplify life with full maintenance services. The homes range from 690 to 1,265 square feet and currently start at $1,259 per month for the 1 bedroom, 1 bath plans. Since opening in mid-June 2025, Avilla Railhead is currently in its initial lease up phase toward stabilization (portfolio average occupancy – 94%).

NexMetro Expands Phoenix Presence with New BTR Community Avilla Western Garden

Dec 17, 2025YieldPro.com

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NexMetro Communities, a national leader in build-to-rent (BTR) neighborhoods, is opening Avilla Western Garden this month, a new 195-home luxury rental community spanning 16 acres in northwest Phoenix.

Located just off the Loop 101 freeway and Indian School, Avilla Western Garden provides residents a high-end living experience with the privacy and comfort of a single-family home, but without the burden of ownership.

“Avilla Western Garden delivers the lifestyle our residents want most – a balance of comfort, connection, and convenience,” said Linda Coburn, vice president of asset management at NexMetro Communities. She said the site is near to top local destinations including Grand Canyon University, Western Regional Medical Center, State Farm Stadium, and the Westgate Entertainment District, and is also close to dining, shopping, and recreation. “This great northwest Phoenix location puts residents just minutes from major employers and entertainment hubs, while providing a peaceful retreat with resort-style amenities and professional property management service.”

Each one-, two-, and three-bedroom home features a modern, single-level design with private backyards, front porches, high ceilings, stainless-steel appliances, and hard-surface flooring throughout. Every Avilla neighborhood is pet-friendly with no breed or size restrictions, and offers a dog park, EV charging stations, optional garages and covered parking, and a 24/7 maintenance team. The site also features a resort-style pool and spa, outdoor lounge and grilling areas, and lush open spaces.

As NexMetro’s 23rd Avilla neighborhood in the Valley, the Phoenix-based developer has built more than 4,000 luxury leased homes in the region. Nationwide, NexMetro has more than 10,000 homes representing 63 neighborhoods completed or underway in prime Sunbelt markets including Phoenix, Dallas-Fort Worth, Austin, San Antonio, Denver, Tampa and Atlanta.

NexMetro to Open Phoenix BTR Community

This marks the company’s fifth delivery in the market in the past 18 months.

Dec 11, 2025By Claudiu Tiganescu Multi-Housing News

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NexMetro will officially open Avilla Western Garden this month. This build-to-rent community consists of 195 homes in Phoenix. Trez Capital issued a $47.4 million construction loan in May 2024, Yardi Matrix data shows.

The property encompasses one- to three-bedroom, single-level units averaging 967 square feet, with detached homes across the two- and three-bedroom variety. Each house includes backyards and front porches, while the community amenities consist of a dog park, swimming pool and outdoor lounge, among other features.

Located on 16 acres at 4041 N. 97th Ave., Avilla Western Garden is about 15 miles northwest of downtown Phoenix, near Loop 101. More than 6 million square feet of retail space is within a 3-mile radius of the property, according to Yardi Matrix data, including the Westgate Entertainment District.

This community marks NexMetro’s 23rd property across Phoenix and its fifth delivery in the metro over the past 18 months. 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 dubbed Avilla Vista Ranch. Two other completions followed, totaling 484 rental homes across the market.

NexMetro Expands Phoenix Presence with New Build-to-Rent Community

Avilla Western Garden Marks the Developer’s 23rd Luxury Leased Home Neighborhood in the Valley

Dec 01, 2025Phoenix, AZ

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(PHOENIX) December 1, 2025 – NexMetro Communities, a national leader in build-to-rent (BTR) neighborhoods, is opening Avilla Western Garden, a new 195-home luxury rental community spanning 16 acres in northwest Phoenix. The gated leased home neighborhood marks NexMetro’s 23rd Phoenix metro development and its fifth opening in just 18 months.

Located just off the Loop 101 freeway and Indian School, Avilla Western Garden provides residents a high-end living experience with the privacy and comfort of a single-family home, but without the burden of ownership.

“Avilla Western Garden delivers the lifestyle our residents want most – a balance of comfort, connection, and convenience,” said Linda Coburn, vice president of asset management at NexMetro Communities. She said the site is near to top local destinations including Grand Canyon University, Western Regional Medical Center, State Farm Stadium, and the Westgate Entertainment District, and is also close to dining, shopping, and recreation. “This great northwest Phoenix location puts residents just minutes from major employers and entertainment hubs, while providing a peaceful retreat with resort-style amenities and professional property management service.”

Each one-, two-, and three-bedroom home features a modern, single-level design with private backyards, front porches, high ceilings, stainless-steel appliances, and hard-surface flooring throughout. Every Avilla neighborhood is pet-friendly with no breed or size restrictions, and offers a dog park, EV charging stations, optional garages and covered parking, and a 24/7 maintenance team. The site also features a resort-style pool and spa, outdoor lounge and grilling areas, and lush open spaces.

As NexMetro’s 23rd Avilla neighborhood in the Valley, the Phoenix-based developer has built more than 4,000 luxury leased homes in the region. Nationwide, NexMetro has more than 10,000 homes reprenting 63 neighborhoods completed or underway in prime Sunbelt markets including Phoenix, Dallas-Fort Worth, Austin, San Antonio, Denver, Tampa and Atlanta. For more information on our Avilla Homes neighborhoods, go to AvillaHomes.com. For self-guided tours or to learn more about Avilla Western Garden visit https://www.avillawesterngarden.com.

NexMetro Opens Third Austin Market Build-to-Rent Neighborhood with 260-Unit Avilla Rio Oaks Luxury Community in Liberty Hill Texas

Nov 25, 2025Multifamily Biz

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AUSTIN, TX - NexMetro Communities, a leading national developer of build-to-rent (BTR) home neighborhoods, has opened Avilla Rio Oaks in Liberty Hill Texas, representing the developer’s third BTR luxury leased home community opening in the past six months in the greater Austin region. Located on 25 acres in Liberty Hill, off Texas State Highway 29 and U.S. Route 183, Avilla Rio Oaks features 260 new maintenance-free, mostly detached apartment homes in a gated enclave to the growing Northwest Austin market.

The region’s sustained population and job growth, driven by major employers and in-migration, continue to fuel housing demand, along with high home prices and consumer appeal of new home rentals, said Jason Flory, regional managing director for NexMetro Communities’ Austin Division.

“As housing costs and mobility needs evolve, renting a new home has become the smarter, more flexible option for many households – from young professionals to empty nesters,” Flory said, adding that renting a new home continues to be more affordable for most Americans than owning, with research by groups like Freddie Mac indicating that changing attitudes toward renting are playing a significant role in the growing demand for rental housing. “The recent moderation in new supply in the Texas Hill Country and greater region is setting the stage for improving rental market dynamics as strong demand meets a stabilizing supply pipeline.”

Avilla Rio Oaks’ stylish one-, two-, and three-bedroom mostly detached, single-level rental homes feature 10-foot ceilings, private backyards and front porches, open floor plans, granite countertops, stainless steel appliances and hard-surface flooring throughout. All Austin-market Avilla neighborhoods are gated and offer garages, covered parking areas and amenities such as a resort-style pool and spa, outdoor grills, lounge areas, at least one dog park, walking paths and grassy, open space. The community maximizes convenience and luxury with an EV charging station, a 24/7 emergency maintenance team, smart-home technology, and no restrictions on dog breeds or sizes.

Avilla Rio Oaks joins sister communities Avilla Vista Ranch in Liberty Hill, and Avilla Berry Creek Highlands in Georgetown. This third neighborhood will bring NexMetro’s combined development investment in the Austin market to nearly $198 million. With leasing and construction underway on its first three Avilla neighborhoods, the company continues to actively seek additional sites in Central Texas where demand for luxury leased living remains high.

“For a growing share of Americans, renting isn’t a compromise, it’s a strategic lifestyle and financial choice that offers convenience and access to quality living without the burdens of ownership,” Flory said. “By focusing on sought-after suburban locations, we align our new rental home neighborhoods with what residents value most with space, quality and lifestyle.”

NexMetro has more than 10,000 homes representing more than 60 neighborhoods completed or underway in markets across the Sunbelt including Phoenix, Dallas-Fort Worth, Austin, San Antonio, Denver, Tampa and Atlanta. NexMetro's continued expansion in the Austin market demonstrates the company's strategic growth in key locations with excellent proximity to freeways, employment corridors, retail and services. For more information on our Avilla Homes neighborhoods, go to AvillaHomes.com. For self-guided tours or to learn more about Avilla Rio Oaks, visit AvillaRioOaks.com.

About Avilla Homes: Avilla Homes provides a truly unique alternative to the typical rental experience. Avilla neighborhoods feature single-level, mostly detached homes for lease. The one-, two-, and three-bedroom floor plans feature front porches, outdoor patios and private backyards, along with upscale finishes such as 10-foot ceilings, granite/quartz countertops, and stainless-steel appliances. Avilla communities offer the perks of neighborhood living with optional garages, resort-style pools, outdoor barbeque and lounge areas, walking paths, dog parks, electric car-charging stations and other open spaces and amenities. For more information, to schedule a tour, and to view pre-leasing opportunities, please visit www.AvillaHomes.com.

About NexMetro: NexMetro Communities is the nation’s leading developer of build-to-rent (BTR) neighborhoods offering lifestyle-conscious consumers a luxury leased home experience without the burdens of ownership. Established in 2012, NexMetro has developed Avilla Homes neighborhoods in prime Sunbelt submarkets including Phoenix, Dallas, Denver, Atlanta, Austin and Tampa. The company has redefined the traditional housing market by combining the convenience of apartment living with the comforts of a single-family home, with more than 60 neighborhoods completed, under construction and in development. NexMetro is the proven leader in the space, delivering with its business partners an in demand lifestyle to our consumers and exceptional results to our investors. For more information visit www.NexMetro.com.

NexMetro Opens Third Austin Market BTR Neighborhood in 2025

Build-to-Rent Developer’s Avilla Homes Neighborhoods Reinforce Steady Consumer Demand for Luxury Leased Living

Nov 04, 2025Austin, TX

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(AUSTIN) November 4, 2025 – NexMetro Communities, a leading national developer of build-to-rent (BTR) home neighborhoods, has opened Avilla Rio Oaks in Liberty Hill Texas, representing the developer’s third BTR luxury leased home community opening in the past six months in the greater Austin region. Located on 25 acres in Liberty Hill, off Texas State Highway 29 and U.S. Route 183, Avilla Rio Oaks features 260 new maintenance-free, mostly detached apartment homes in a gated enclave to the growing Northwest Austin market.

The region’s sustained population and job growth, driven by major employers and in-migration, continue to fuel housing demand, along with high home prices and consumer appeal of new home rentals, said Jason Flory, regional managing director for NexMetro Communities’ Austin Division.

“As housing costs and mobility needs evolve, renting a new home has become the smarter, more flexible option for many households – from young professionals to empty nesters,” Flory said, adding that renting a new home continues to be more affordable for most Americans than owning, with research by groups like Freddie Mac indicating that changing attitudes toward renting are playing a significant role in the growing demand for rental housing. “The recent moderation in new supply in the Texas Hill Country and greater region is setting the stage for improving rental market dynamics as strong demand meets a stabilizing supply pipeline.”

Avilla Rio Oaks’ stylish one-, two-, and three-bedroom mostly detached, single-level rental homes feature 10-foot ceilings, private backyards and front porches, open floor plans, granite countertops, stainless steel appliances and hard-surface flooring throughout. All Austin-market Avilla neighborhoods are gated and offer garages, covered parking areas and amenities such as a resort-style pool and spa, outdoor grills, lounge areas, at least one dog park, walking paths and grassy, open space. The community maximizes convenience and luxury with an EV charging station, a 24/7 emergency maintenance team, smart-home technology, and no restrictions on dog breeds or sizes.

Avilla Rio Oaks joins sister communities Avilla Vista Ranch in Liberty Hill, and Avilla Berry Creek Highlands in Georgetown. This third neighborhood will bring NexMetro’s combined development investment in the Austin market to nearly $198 million. With leasing and construction underway on its first three Avilla neighborhoods, the company continues to actively seek additional sites in Central Texas where demand for luxury leased living remains high.

“For a growing share of Americans, renting isn’t a compromise, it’s a strategic lifestyle and financial choice that offers convenience and access to quality living without the burdens of ownership,” Flory said.
“By focusing on sought-after suburban locations, we align our new rental home neighborhoods with what residents value most with space, quality and lifestyle.”

NexMetro has more than 10,000 homes representing more than 60 neighborhoods completed or underway in markets across the Sunbelt including Phoenix, Dallas-Fort Worth, Austin, San Antonio, Denver, Tampa and Atlanta. NexMetro's continued expansion in the Austin market demonstrates the company's strategic growth in key locations with excellent proximity to freeways, employment corridors, retail and services. For more information on our Avilla Homes neighborhoods, go to AvillaHomes.com. For self-guided tours or to learn more about Avilla Rio Oaks, visit AvillaRioOaks.com.

Phoenix developer to bring 180 single-family homes to Land O' Lakes

Oct 17, 2025Madalyn Blair – Reporter, Tampa Bay Business Journal

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A 180-unit build-to-rent development is coming to Land O’ Lakes.

A new construction permit was filed Tuesday for Suncoast Lakes, a master-planned development of single-family homes on 26 acres of land. The project is located near Silver Palm Boulevard and south of State Road 52.

Phoenix-based NexMetro Communities, one of the largest developers of build-to-rent homes in the Sun Belt, is known for developing Avilla Homes-branded single-family communities.

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The gated neighborhood will have one-, two- and three-bedroom homes. The one-bedroom units will be duplexes, and the two- and three-bedroom units will be detached, single-story homes.

The homes will accompany a larger, mixed-use development with industrial, office, service and residential spaces along Suncoast Parkway, according to property records. Retailers that are expected to come near the homes are Wendy’s, located at 15550 State Road 52, and U-Haul, located at 11852 Silver Palm Blvd. The Pasco County Fire Station 9 is also near the development.

NexMetro Silver Palm LLC acquired the land in January for nearly $5.96 million, according to Pasco County property records.

The developer also brought Avilla Homes to Odessa and Sun City Center.

Build-to-rent boom in Florida: The apartment alternative?

Why buy a home when you can rent?

Sep 10, 2025ABC Tampa Bay 28

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TAMPA, Fla. — As housing costs continue to squeeze Florida families, a growing trend is offering renters an alternative to apartment living without the financial burden of homeownership: build-to-rent single-family communities.

These developments, where entire neighborhoods of single-family homes are constructed specifically for rental rather than sale, are expanding across Tampa Bay as traditional homeownership becomes increasingly out of reach for many residents.

"I think we fill a gap between the large apartment complexes and single-family ownership," Steve Oakes said.

NexMetro Expands Investment Access Through Leading Platforms

Open-End Private Debt Fund Now Available for Custody on Fidelity and Schwab Alternatives Platform

Jul 21, 2025Phoenix, AZ

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(PHOENIX) July 21, 2025 - NexMetro Communities, a leading national developer of Build-to-Rent (BTR) communities, announced that its debt fund investment strategy is now available through both Fidelity and Schwab alternative investment platforms.
This expanded access allows investors to more seamlessly invest in the NexMetro Dividend Fund II (NDF II), which is designed to deliver consistent income and capital preservation, said Ryan Krafczik, Vice President of Equity Investments for NexMetro.
“As demand grows for reliable income solutions, we’re proud to offer investors easier access to invest in our proven fund through leading custodial platforms,” Krafczik said, adding that the NDF II provides preferred equity to the company’s Avilla Homes BTR communities throughout their development life cycle. “This strategy targets a resilient and expanding segment of the housing market, where NexMetro has established a strong track record as a proven sponsor.”
Krafczik said the NDF II is an open-end private debt fund that offers accredited investors an 11% net yield, benchmarked to a market rate plus an attractive spread to ensure competitiveness and preserve value. The fund features quarterly distributions and a flexible structure designed to meet investor demand for current income.
The Fund complements the company’s flagship NexMetro Direct Access Fund (DAF), a closed-end equity development fund that targets +15% returns, which offers investment in a diversified portfolio of Avilla Homes projects each calendar year. Since its inception, the company has had an average net investor return of 21.5%. Krafczik said the current DAF 2025 is actively accepting new capital from accredited investors and is anticipated to close by year-end 2025.

Avilla Homes Wins "Best Leap Forward" In Pets & Housing Awards

Jul 18, 2025

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NexMetro's Avilla Homes been named the winner of the Best Leap Forward award in the 2025 Pets & Housing Awards presented by the Michelson Found Animals Foundation Pet-Inclusive Housing Initiative. The Pets and Housing Awards recognize the champions of pet-inclusive housing, and Avilla Homes (AvillaHomes.com) Luxury Leased neighborhoods feature a fenced dog park in every community, no breed or weight restrictions, private fenced backyards, and up to three pets allowed per home.

Avilla Vista Norte brings 191 BTR units to North Phoenix

Jun 28, 2025AZ Big Media

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NexMetro Communities, the nation’s leading developer of build-to-rent (BTR) home neighborhoods, has opened Avilla Vista Norte in North Phoenix representing the developer’s 22nd Valley community.

Located just north of Anthem off the I-17 highway, Avilla Vista Norte brings 191 new maintenance-free luxury leased homes in a gated enclave to the rapidly growing North Phoenix corridor. The region’s population growth, high demand for rentals and limited new construction make Avilla Vista Norte an ideal location for people of all walks of life seeking a detached home experience without the hassle and expense of home ownership, said Jacque Petroulakis, chief communications officer for NexMetro.

“Metro Phoenix continues to experience significant population and economic growth, particularly driven by large investments by companies like TSMC,” Petroulakis said. “Our pet-friendly Avilla neighborhoods provide a high-quality, comfortable lifestyle for ‘renters by choice’ who value a private backyard, open floorplan and beautiful new home finishes.”

Build-to-Rent is Booming: Why NexMetro Is Still Building While Others Pull Back

Jun 19, 2025Taylor Sohns MBA, CIMA, CFP

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In this episode, Jacque Petroulakis, chief communications officer at NexMetro Communities, talks to Taylor Sohns – CEO of LifeGoal Wealth Advisors to explore one of the fastest-growing asset classes in the U.S. – Build-to-Rent (BTR) communities. Jacque shares the unique story of how NexMetro pioneered this model long before it became a trend, and how their innovative housing solutions are meeting the unmet demand in America's real estate landscape.

We break down:
Why BTR is exploding across the Sunbelt
Who is choosing to rent over buy, from millennials to baby boomers
The real cost of homeownership vs. renting
How NexMetro structures its two major investment funds
Why they've continued building while other developers have pulled back
What rising interest rates and cap rates mean for investors
How tariffs and supply chain disruptions are being handled
Their approach to mitigating risk and outperforming even the S&P 500

Whether you’re a seasoned investor or just curious about emerging trends in housing, this episode offers deep insights into the future of rental housing and real estate investing.

Build-to-rent developer NexMetro Communities has opened its latest community in the Valley at Anthem in north Phoenix

Jun 19, 2025Staff Phoenix Business Journal

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vila Vista Norte, the developer’s 22nd community in the Valley — the fourth to open in the past year — brings 191 luxury leased homes to a gated community just off Interstate 17, with one-, two-, and three-bedroom options available. The homes have 10-foot ceilings, private backyards, front porches, open floor plans and other features.

Garages are also available, which comes as part of tenant demand.

“We asked our valued residents what was most important to them, and increased storage space was a major preference across the board,” said Linda Coburn, NexMetro’s vice president of asset management, in a statement. “Avilla residents now have even more options to keep their seasonal decorations, mementos, sports equipment and more with them in their new home.”

Other amenities include covered parking areas, an EV charging station, a resort-style pool and spa, outdoor kitchen and lounge areas, a dog park and washing station, walking paths and open spaces.

NexMetro Opens 22nd BTR Neighborhood in Metro Phoenix

Leading Build-to-Rent Developer has four additional projects currently under construction in the Valley; 60 Avilla Homes neighborhoods across the nation

Jun 16, 2025Phoenix, AZ

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(PHOENIX) June 16, 2025 – NexMetro Communities, the nation’s leading developer of build-to-rent (BTR) home neighborhoods, has opened Avilla Vista Norte in North Phoenix representing the developer’s 22nd Valley community.

Located just north of Anthem off the I-17 highway, Avilla Vista Norte brings 191 new maintenance-free luxury leased homes in a gated enclave to the rapidly growing North Phoenix corridor. The region’s population growth, high demand for rentals and limited new construction make Avilla Vista Norte an ideal location for people of all walks of life seeking a detached home experience without the hassle and expense of home ownership, said Jacque Petroulakis, chief communications officer for NexMetro.

"Metro Phoenix continues to experience significant population and economic growth, particularly driven by large investments by companies like TSMC,” Petroulakis said. “Our pet-friendly Avilla neighborhoods provide a high-quality, comfortable lifestyle for ‘renters by choice’ who value a private backyard, open floor plan and beautiful new home finishes.”

Avilla Vista Norte’s stylish one-, two-, and three-bedroom mostly detached, single-level homes include 10-foot ceilings, private backyards and front porches, open floor plans, quartz countertops, stainless steel appliances and hard-surface flooring throughout. The community is gated and offers garages, additional storage units, covered parking areas, and amenities including a resort-style pool and spa, outdoor kitchen and lounge areas, a dog park and washing station, walking paths and open spaces. The community maximizes convenience and luxury with an EV charging station, a 24/7 emergency maintenance team, smart-home technology, and no restrictions on dog breeds or sizes.

With the opening of Avilla Palomino (Glendale), Avilla Broadway (Phoenix) and Avilla Mystic (Peoria), Avilla Vista Norte is the fourth Avilla neighborhood to open in the past year in the Valley.

“We asked our valued residents what was most important to them, and increased storage space was a major preference across the board,” said Linda Coburn, NexMetro’s vice president of asset management. “Avilla residents now have even more options to keep their seasonal decorations, mementos, sports equipment and more with them in their new home.”

NexMetro has more than 10,000 homes and 60 neighborhoods completed or underway in markets across the Sunbelt including Phoenix, Dallas-Fort Worth, Austin, San Antonio, Denver, Tampa and Atlanta. NexMetro's continued expansion in the Phoenix market demonstrates the company's strategic growth in key locations with excellent proximity to freeways, employment corridors, retail and services. For more information on our Avilla Homes neighborhoods, go to AvillaHomes.com. For self-guided tours or to learn more about Avilla Vista Norte visit www.AvillaVistaNorte.com.

National Build-to-Rent Developer Opens 16th Avilla Homes Community in Booming Dallas-Fort Worth Market

NexMetro Communities Opens Avilla Railhead in Cleburne

May 15, 2025Fort Worth, TX

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(Fort Worth, TX) May 15, 2025 – NexMetro Communities, the nation’s leading developer of build-to-rent
(BTR) home neighborhoods, is opening its 16th community in the Dallas-Fort Worth market. Avilla
Railhead, part of the Railhead master-planned, mixed-use development, brings 211 highly sought-after
luxury leased homes to Cleburne, Texas, and marks more than 2,750 homes built in DFW by the
company since entering the market in 2017.

Known for its hallmark, detached, single-level rental home neighborhoods with private backyards,
NexMetro’s 20-acre Avilla Railhead community is located off Highway 67 and the Chisholm Trail
Parkway near Cleburne’s historic downtown retail, dining and entertainment offerings – with an easy
commute to major employers in both Fort Worth and Dallas. Now hosting VIP tours, the community
offers new, attainable, and maintenance-free living for residents in the rapidly growing metroplex.

“As record regional population and job growth continue to fuel demand for housing, our best-of-both-worlds lifestyle resonates with people seeking to enjoy a new home that offers privacy, luxury and
maintenance-free living,” said Drew Klasing, NexMetro’s managing director for the Dallas-Fort Worth
market. “More consumers are choosing to rent a single-family home and we take pride in developing
beautiful, leased home neighborhoods that are a point of pride for residents and the greater community.”

A professionally managed neighborhood of single-level 1, 2 and 3-bedroom homes, Avilla Railhead
offers upgraded interior finishes along with private front porches and gated backyards, smart-home
technology and EV friendly garages. The community’s resort-inspired amenities include a pool and
lounge area, outdoor pavilion and BBQ, two community dog parks, and gaming areas.

Since opening its first neighborhood in Plano, Texas, in 2017, nearly 3,000 Avilla homes have been built
or are underway in submarkets across the Dallas-Fort Worth area. With higher average household
incomes, Avilla residents of all walks of life continue to choose to rent their new home because it best
suits their lifestyle.

Klasing added, “We continue to see long-term opportunity in the greater market and remain focused on
investing in submarkets in DFW and nationwide that have strong demand drivers and are ultimately
places where consumers want to live.”

NexMetro has more than 10,000 homes and 60 neighborhoods completed or in development in markets
across the Sunbelt, including Phoenix, Dallas-Fort Worth, Austin, Denver, Tampa and Atlanta. For more
information on our Avilla Homes neighborhoods, go to AvillaHomes.com. To join the Early Interest VIP list
or learn more about Avilla Railhead visit https://www.avillarailhead.com/.

Christopher Todd Capital Acquires Two BTR Neighborhoods in Dallas-Fort Worth Seller Is NexMetro Communities

Apr 16, 2025

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NexMetro Communities completes $333M recapitalization of eight-asset build-to-rent portfolio across three states

JLL Capital Markets facilitates equity placement for a portfolio across Arizona, Colorado and Texas

Feb 20, 2025Gréta Kieras Senior Associate, Public Relations JLL.com

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PHOENIX, Feb. 20, 2025 –  JLL Capital Markets announced today that it has arranged a recapitalization of eight NexMetro assets with Stockbridge investing $65.9 million of preferred equity along existing assumable agency financing of $206 million.

This completes the second closing over 45 days on a 12-asset portfolio transaction across Arizona, Colorado and Texas. The previously announced pool included $78.7 million in equity (via Artemis) and $160 million of senior debt (via Blackstone) across four build-to-rent assets in Arizona and Colorado.

The combined portfolio was valued at $620 million, with $145 million of equity committed and $366 million of senior debt.

The NexMetro eight-asset portfolio consists of 1,061 mostly detached, single-level BTR homes across eight properties in three states: Avilla Camelback Ranch, Avilla Centerra Crossing, Avilla Deer Valley, Avilla Lehi Crossing, Avilla Meadows, Avilla Buffalo Run, Avilla Northside and Avilla Heritage. Built between 2018 and 2019, these communities represent high-quality, newly constructed BTR assets in key growth markets.

The most recent recapitalization allows NexMetro to return capital to investors while continuing to build its already robust development pipeline. The company has 60 projects across the Sunbelt either completed, under construction or in development.

JLL Capital Market’s Debt Advisory team representing the borrower was led by President Kevin MacKenzie, Senior Managing Directors Michael Joseph and Brad Miner, Managing Directors Matthew Putterman and Chris Shea, Director Caroline Novak and Senior Analyst Weston Nearon.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

Arizona Housing Fund Names NexMetro Communities 2024 Partner of the Year

Jan 30, 2025Arizona Housing Fund LinkedIn

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PHOENIX (January 30, 2025) – The Arizona Housing Fund (AZHF), a private sector fundraising initiative created to reduce homelessness in Arizona, has named NexMetro Communities its 2024 partner of the year. The award recognizes NexMetro’s success in raising awareness about the homelessness epidemic in Arizona and helping to fund additional housing for formerly homeless individuals and families throughout the state. AZHF Founder Howard Epstein surprised NexMetro CEO Josh Hartmann with the award at NexMetro’s January 29 company meeting.

“NexMetro has embraced this cause from the start,” says Epstein. “The company has donated more than $50,000 to the Arizona Housing Fund, with every dollar donated to qualified Arizona nonprofits to build and operate more permanent supportive housing for Arizona’s most vulnerable populations, including seniors, veterans, and those suffering from mental illness. But even more importantly, NexMetro is an enthusiastic ambassador showing other multifamily owners, property managers, and real estate companies that if we all get involved and do our part, we can make a significant difference, and fund the housing needed to end homelessness in our state.”

When Epstein and AZHF Advisory Committee member and local developer Tim Sprague forged a partnership with The Arizona Multihousing Association (AMA), their goal was to encourage AMA members to donate $5 for every lease application received and give tenants an opportunity to round up their rent payments with an AZHF donation. NexMetro Communities, the nation’s leading developer of single-family rental home neighborhoods, stepped forward to lead this effort by piloting the program at their Arizona communities.

“As a founding member of the Arizona Housing Fund, it’s been humbling to see the magnifying impact. The success of this program – and the enthusiasm colleagues and Avilla residents have shown to support the great work of the Fund in reducing the number of people experiencing homelessness – began as a spark and has grown into a flame,” said Hartmann. “It only takes one individual, one business, one visionary program like the Arizona Housing Fund to create life-changing impacts.

“We’ll continue to advocate for solutions for Arizonans struggling to meet their rent or put a roof over their head. NexMetro is in the shelter business, but our mission with this fund is about more than giving back. It’s about creating a vehicle to educate the public and other business leaders about a simple, actionable way to help our community members in need.”

To date, the Arizona Housing Fund has raised more than $2 million and awarded $1.7 million in grants to 10 Arizona nonprofits for eight unique projects that will provide more permanent, supportive and affordable housing for hundreds of Arizonans in need. Arizona homebuilders who wish to get involved with the Arizona Housing Fund and make a donation for each new home sold can visit arizonahousingfund.org to learn more.

National Build-to-Rent Developer Enters Austin Market with Opening of 634 New Luxury Leased Homes

NexMetro Communities to Open Three Avilla Homes Neighborhoods in First Half of 2025

Jan 20, 2025Austin, TX

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(Austin, TX) February 12, 2025 – NexMetro Communities, the nation’s pioneer developer of luxury leased home neighborhoods, is entering the Austin market with the opening of three new Avilla Homes communities in 2025. Construction is underway on 634 new homes in Georgetown, Liberty Hill and Williamson County, with the first opening set in February.

“There’s considerable demand for our leased home neighborhoods because they provide consumers with a lifestyle that combines a new detached home with mortgage-free, maintenance-free living,” said Jason Flory, managing director for NexMetro Communities’ Austin and Atlanta Divisions. Flory added that the company is actively pursuing additional locations for new Avilla Homes neighborhoods in Central Texas. “While the increasing cost of homeownership is driving the appeal of new rental homes, we also are finding more renters by choice in the market.”

Renter households in 2024 grew at the second-fastest pace since 2021, while the number of homeowner households grew at the slowest pace since 2019, according to Redfin. According to Realtor.com, Austin tops the list of markets favoring renting over buying in part because of the high costs of home ownership.

The new Austin market gated Avilla Homes neighborhoods feature mostly detached single-level one, two and three-bedroom homes with hallmark private backyards, front porches, and high 10-foot ceilings. The open floor plans include ample storage and luxury finishes such as granite countertops, stainless steel appliances and hard-surface flooring throughout. The neighborhoods also feature a resort-style pool, outdoor barbeques, dog parks and more.

Flory said the company’s first three Avilla Homes projects opening this year represent nearly $200 million in capital investment in the Austin submarkets of Georgetown and Liberty Hill, with additional communities in the pipeline. He said NexMetro targets submarkets with strong demand drivers of population and income growth for its new Avilla neighborhoods, and seeks sites with excellent proximity to freeways, employment corridors, retail and services. NexMetro currently has 60 Avilla Homes neighborhoods representing more than 10,000 homes across the nation either completed, under construction or in development.

For more information and to get on the VIP interest list, go to AvillaHomes.com:

Avilla Vista Ranch: Opening in early February 2025, Avilla Vista Ranch features 150 homes on 14 acres in Liberty Hill, southeast of County Road 266 and State Highway 29. The site provides direct access to I-35 and US 183 corridors for convenient access to major employers like Dell Inc. and Southwest University.

Avilla Berry Creek Highlands: Opening in March 2025, Avilla Berry Creek Highlands features 224 homes on 25 acres in Georgetown, southwest of BCH Way and east of Texas SH 195. The site offers easy access to major employers like St. David’s Georgetown Hospital and Texas State University - Round Rock.

Avilla Rio Oaks: Scheduled to open in June 2025, Avilla Rio Oaks features 260 homes on 25 acres in Liberty Hill, near CR 263 and Seward Junction Loop 7864. The site offers convenient access to major employers like National Instruments Corporation and Cedar Park Regional Medical Center, along with top-rated schools in the Liberty Hill Independent School District.

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National Build-to-Rent Developer Opens First Atlanta Neighborhood

NexMetro Communities under construction on 687 new luxury rental homes representing $210M+ local investment in four distinct locations

Oct 30, 2024Atlanta, GA

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(Atlanta, GA) October 30, 2024 – NexMetro Communities, the nation’s leading developer of build-to-rent (BTR) home neighborhoods, is underway on four new Atlanta-market projects that will bring 687 highly sought-after luxury leased homes to the area over the next two years.

Known for its hallmark detached single-level neighborhoods with private backyards, NexMetro is entering the Atlanta market with a luxury rental townhome community in South Fulton. South Pine Townhomes opens for leasing November 14, marking the company’s entry into Atlanta.

“NexMetro’s expansion in the Atlanta market reflects the company’s strategic growth in key locations based on the growing number of people who would rather lease than own a home,” said Sean Rust, vice president of development for NexMetro’s Atlanta division. “The appeal of mortgage-free, maintenance-free living is unmistakable for lifestyle-conscious consumers of all walks of life.”

Rust said the new South Pine Townhomes opening and three additional Avilla Homes communities currently under construction represent a more than $210 million investment in the market, with the BTR developer pursuing more great locations for new luxury leased home neighborhoods. He said the company sees long-term opportunity in the Atlanta market and is focused on developing new luxury leased home neighborhoods in growth submarkets with strong demand drivers such as rising population and household incomes, and proximity to freeways, retail and services.

South Pine Townhomes is located off I-85 in South Fulton and offers proximity to Hartsfield Jackson International Airport and commercial corridors in the booming south metro Atlanta area. The luxury leased neighborhood features 193 two-level attached townhomes with private backyards and garages in a gated 34-acre enclave.

The two and three-bedroom townhomes range in size from 1,332 to 1,463 square feet and offer two distinct floorplans. Each townhome features premium amenities including wood-plank style flooring on both levels, Quartz countertops, stainless steel appliances and a full-sized washer/dryer. The gated community also features a resort-style pool, outdoor grilling area and pavilion, fire pit, tot lot, dog park, sports court, and 24-hour emergency maintenance.

In addition to South Pine, NexMetro is currently under construction on three more Avilla Homes neighborhoods: Avilla Clearwater Lake in Aiken County with 229 homes, Avilla Holloway in Stockbridge with 136 homes, and Avilla Friendship Trails in Hall County, offering 129 homes, anticipated to open in early 2026.

NexMetro has more than 10,000 homes representing nearly 60 neighborhoods completed or in development in the Phoenix, Dallas-Fort Worth, Austin, Denver, Tampa and now Atlanta markets.

For more information or to schedule a tour of South Pine Townhomes, go to SouthPineLiving.com.