Capital Square Fully Capitalizes Build-For-Rent Community in Glendale, Arizona

Capital Square has announced the full capitalization of its offering, Capital Square Glendale BFR, LLC, marking a significant milestone in the development of a 320-unit build-for-rent community in Glendale, Arizona. The project, which has raised over $43 million in equity from investors, is a collaboration with Sunstone Two Tree and is set to become Ironwood Homes at The Rosefield upon completion. This development underscores the increasing appeal of build-for-rent communities in strategic locations, offering high-quality housing options and promising returns for investors.

The community will feature 102 detached single-family homes and 218 townhomes, with amenities including a pool, spa, fitness center, and sports courts. Located near major retail outlets and with easy access to downtown Phoenix and Phoenix Sky Harbor International Airport, the project is poised to meet the housing needs of a growing population. With construction expected to be completed by the third quarter of 2026, the project is already seeing leasing and initial move-ins, reflecting the strong demand in the area.

The success of this project is indicative of the robust single-family rental market in Phoenix, which has seen a 30% rent growth since March 2020, the highest in the U.S. The Glendale area, in particular, is experiencing significant development, with millions of square feet of logistics space under construction, further enhancing the appeal of the region for residents and investors alike.