More than what the traditional housing market has to offer

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 NexMetro Opens 16th Community in Dallas-Fort Worth Market

Jun 04, 2025DalTXRealEstate.com

https://daltxrealestate.com/national-build-to-rent-developer-nexmetro-opens-16th-community-in-dallas-fort-worth-market/

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 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.

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

Jun 03, 2025YieldPro.com

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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 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.

NexMetro Opens DFW Build-to-Rent Project

Jun 02, 2025Multi-Housing News

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CLEBURNE, TEXAS — NexMetro Communities has opened Avilla Railhead, a build-to-rent property 32 miles south of Fort Worth, Texas. This is NexMetro’s 16th community developed in the Dallas-Fort Worth metro area. Avilla Railhead includes 211 detached, single-level homes that come as one-, two- or three-bedroom floor plans. Units feature private front porches and backyards, smart-home technology and garages with electric-vehicle chargers. Amenities include a pool and lounge area, outdoor pavilion and grills, a dog park and gaming areas. In addition to Dallas-Fort Worth, NexMetro has developed properties in such Sun Belt markets as Phoenix, Austin, Denver, Tampa and Atlanta.

The Case for U.S. Multifamily Investment In 2025

May 27, 2025Stockbridge

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“For investors with a long-term view, the current multifamily market offers not only what may be viewed as attractive pricing but also the potential for future appreciation as supply tightens and rent growth follows. In a less competitive landscape, strategic acquisitions made today could become the outperformers of the next cycle. With improving fundamentals and clear long-term demand drivers, multifamily housing stands out as an investment opportunity in today’s market.”

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, 2025

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Tower Capital Refinances BTRs in North Phoenix

First deliveries at the 354-home community are expected this fall.

May 13, 2025Richard Berger Multi-Housing News

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NexMetro adds BTR in DFW

This week, NexMetro Communities opened its 16th community in the Dallas-Fort Worth area. Avilla Railhead in Cleburne, Texas, a 211-unit property, brings NexMetro’s DFW portfolio to 2,750 homes built since entering the market in 2017.

NexMetro recapitalized and refinanced two Texas projects earlier this year.

“BTR benefits from favorable market fundamentals that lead to superior revenue growth, and this recap allows for the upside of executing longer-term business partnerships,” NexMetro CEO Josh Hartmann told MHN.

JLL Capital Markets arranged a recapitalization of eight NexMetro assets in February. Stockbridge invested $65.9 million of preferred equity along with existing assumable agency financing of $206 million.

Previously, a finance pool worth $78.7 million in equity (via Artemis) and $160 million of senior debt (via Blackstone) worked 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.

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

Apr 16, 2025

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Tired of apartment-style living? There are new rental opportunities taking over metro Atlanta

Apr 09, 2025By Jonathan Martin, Gabriella Nunez and Darrell Pryor 11Alive News, NBC in Atlanta

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UNION CITY, Ga. — Metro Atlanta is experiencing a major shift in the housing market with a growing number of single-family homes being built not to sell but to rent.

These build-to-rent communities are springing up across the region, offering renters the space and feel of a suburban home without the long-term financial commitment of ownership. For residents like Kenneth Brown, the timing couldn’t be better.

Just a week after moving into his new townhome at South Pine in south Fulton County, Kenneth Brown said it already feels like home.

“I love the backyard, I love the driveway, I love the garage, I love the space,” Brown said. “I enjoy having a maintenance team on site. I can call the office and say my refrigerator needs to be fixed instead of paying for that stuff out of pocket.”

At just over $2,100 per month, Brown said the cost is worth it for the privacy and convenience, with no upstairs or downstairs neighbors and plenty of room.

Atlanta now ranks third in the country behind Phoenix and Dallas for the number of single-family rental homes currently under construction, according to Point2Homes.

“What we find in Atlanta is that with the great job base and how much prices have really risen, there’s a great demand for this alternative lifestyle,” Sean Rust, vice president of development for NexMetro explained. NexMetro is the company behind South Pine.

Rust said more build-to-rent projects are on the horizon, including a new community in Stockbridge.

While the trend provides more options for renters, some experts are concerned about its long-term impact on the housing market.

Georgia State University Associate Professor Taylor Shelton has studied housing patterns in Atlanta for years. He warns that built-to-rent neighborhoods, which are often backed by large investors, can make it even harder for everyday people to buy a home.

“So much of the new stock of homes being built is going directly into the rental portfolios of these large companies," Shelton said, "and potential homebuyers never have a chance to bid on them in the way they once would have."

For Brown, though, the decision to rent rather than buy feels right — at least for now.

“I don’t have to worry about noise from neighbors above or below me anymore,” he said.

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.

NexMetro Exemplifies Strength of Build-to-Rent Sector with 21st New Community Opening in Metro Phoenix

BTR Developer’s New Luxury Leased Homes Feature New Resident-Inspired Floorplans

Oct 28, 2024Phoenix, AZ

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(PHOENIX) – October 28, 2024 – NexMetro Communities, the pioneer developer of luxury leased single-family rental neighborhoods, is opening its 21st new Avilla Homes community in the Valley, with more projects currently in development.

NexMetro will open Avilla Palomino in Glendale in late-November and has opened two other projects earlier this year—Avilla Broadway in Phoenix and Avilla Mystic in Peoria. The build-to-rent (BTR) Developer has four more projects under construction in the Valley and has nearly 60 projects representing more than 10,000 homes across the nation either completed or in development.

"Our Avilla neighborhoods continue to provide an option for those renters by choice seeking the privacy and comforts of a single-level detached home without the hassles of home ownership,” said Linda Coburn, vice president of asset management for NexMetro. “This high-quality living experience has broad appeal, and our residents are very diverse—from millennials and young families to those in mid-life and retirement.”

Coburn said the recent new Avilla Homes openings in the Southwest Valley offer hallmark private backyards, private entries and high 10-foot ceilings, while also debuting new floorplans featuring additional storage that the company identified as a top preference in resident surveys.

“We asked our valued residents what was most important to them, and added storage space was a major preference across the board,” Coburn said, adding that reconfiguring popular living spaces such as the kitchen and entertainment areas alone created more over-and-under counter spaces. “It’s more about efficiency than increasing square footage. Now our residents have even more options to keep their seasonal decorations, mementos, sports equipment and more in their new Avilla home.”

Jared Geisler, managing director of NexMetro’s Phoenix Division, said while BTR neighborhoods have a significant presence in the Southwest Valley, the area’s continued growth has fueled robust demand for a rental alternative to traditional apartment living.

“We are highly strategic in identifying great locations where people want to live,” said Geisler, adding that Avilla sites have excellent proximity to freeways, employment corridors, retail and services. “And while our growth in the Valley has been steady, the housing shortage has been exacerbated by low availability and affordability.”

The most recent Avilla neighborhood openings in the Southwest Valley include:

Avilla Palomino – Conveniently located in Glendale, AZ, this 197-home community is slated to open in late November and grants easy access to a myriad of attractions including Historic Downtown Glendale, Glendale Sports and Entertainment District, and Arrowhead Towne Center. Additionally, these homes are nestled between US 60 and I-17, for an easy commute into Phoenix or to nearby employers such as Banner Thunderbird Medical Center and Honeywell Aerospace DSES. Outdoor enthusiasts can enjoy nearby North Mountain Park, Sonoran Preserve – Desert Vista Trailhead, or the beautiful on-site communal greenspace. For more information, visit www.AvillaPalomino.com.

Avilla Broadway – This beautiful 117-home neighborhood opened this past summer on more than 10 acres in Phoenix, conveniently near the Loop 202 South Mountain and I-10 freeways, offering stunning views of the Sierra Estrella Mountains. The community’s new one-, two-, and three-bedroom rental homes are adjacent to the South Mountain Preserve and provide access to hundreds of hiking, biking and walking trails for residents to enjoy. For more information, visit www.AvillaBroadway.com.

Avilla Mystic – This highly sought-after location in the Mystic at Lake Pleasant Heights neighborhood is situated in the Peoria Unified School District and is near numerous attractions including Lake Pleasant Regional Park and Westgate Entertainment District. Featuring modern designs, essential fixtures that employ Smart Home technology, high-end finishes like quartz counters and stainless-steel appliances, and private backyards and front entries, this 254-home community opened in August 2024 with amenities that make residents feel right at home. For more information, visit www.AvillaMystic.com.

Avilla Homes communities offer hassle-free, maintenance-free living with modern finishes and private backyards, maximizing convenience and luxury for individuals who choose to rent but don’t want to sacrifice the lifestyle of a home. Other features of the mostly detached, single-level homes include 10-foot ceilings, private front entries, open floor plans, granite countertops, stainless steel appliances and hard-surface flooring throughout. The pet-friendly communities are gated and offer garages, covered parking, and amenities such as resort-style pools and spas, outdoor grills, lounge areas, sport courts, walking paths and grassy, open spaces—including dog parks—to meet up with neighbors.

NexMetro Expands Central Florida Footprint with New BTR Neighborhood

Leading Build-to-Rent developer opens Avilla Cypress Creek near Sun City

Oct 28, 2024Tampa, FL

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(Tampa, FLA) – October 28, 2024 – NexMetro Communities, a pioneer developer of luxury leased home neighborhoods, is opening its second Central Florida location in late November 2024. The 166-home neighborhood serves the pent-up demand of lifestyle-conscious consumers seeking a single-family home alternative to the traditional rental experience.

Avilla Cypress Creek is a beautiful 17-acre neighborhood that offers the benefits of new single-level detached homes nestled inside a gated community for people seeking to rent rather than own.

“Demand for single-family rental homes remains incredibly strong as consumers seek this unique lifestyle experience that combines the best of a detached home and mortgage-free, maintenance-free living,” said William Hulton, NexMetro’s vice president of development for Florida. The company’s first Tampa market community, Avilla Suncoast, is located in Odessa. “NexMetro’s ongoing expansion with new Avilla neighborhoods in Central Florida reflects the company’s strategic growth in prime suburban locations in growing submarkets,” Hulton added.

Located in the highly desirable Hillsborough community, Avilla Cypress Creek is well positioned near popular retail opportunities, freeway access, and top-tier employers. NexMetro is the leader in the build-to-rent industry with more than 10,000 homes representing nearly 60 projects completed or under construction in Phoenix, Dallas/Fort Worth, Austin, San Antonio, Denver, Atlanta, Orlando, and Tampa to date.

The cottage-style, single level, detached homes range from one, two and three bedrooms with open floor plans that offer front porches and private backyards, optional lanais, extra storage, high ceilings, stainless steel appliances, full washer and dryer, and elegant hard-surface flooring.

“The opening of Avilla Cypress Creek and our continued growth in Central Florida demonstrates the tremendous appeal of this hybrid housing model to a diverse clientele in all stages of life,” said Linda Coburn, NexMetro’s vice president of asset management. “Our residents often range from young professionals looking for convenience and proximity to employment, to those in a mid-life transition, and baby boomers simply downsizing and simplifying their lives.”

Featuring resort-inspired amenities, the pet-friendly community also boasts a spacious, resort-style pool, spa, dog park, grilling stations, green space, fire pit and gathering areas.

Priced competitively with surrounding A-class apartments, Avilla Cypress Creek is professionally managed and offers on-site maintenance. For more information, to schedule a tour, or to sign up for a VIP interest list, please visit: https://www.avillacypresscreek.com/.