DALLAS, TX – Kinloch Partners announced it has completed the buy of multiple lots in Royce City, Texas, on the Eastern part of the Dallas Metroplex. The company plans a Build-to-Rent subdivision, providing affordable Single-Family Rental (SFR) homes to this quickly growing region.
Kinloch Partners plans to aggressively expand its holdings in the Dallas area, with multiple Build-to-Rent projects totaling 500 newly SFR homes in the next 18 months. The homes will range from 2,000 to 2,500 square feet and will be priced from $200,000 to $300,000. Rent will be under $2,000 per month.
“Dallas has a high-growth trajectory with a stable workforce, but like many markets across the country, affordable housing remains a challenge,” said Bruce McNeilage, co-founder and CEO in Kinloch Partners. “SFR Build-to-Rent homes provide an affordable option for people who want a single family home, but might find it challenging to find the right home for buy.”
Build-to-Rent subdivisions are an emerging trend in real estate development, attracting investors from Wall Street hedge funds, pension funds and international entrepreneurs. There are more than 72 million Millennials born between 1981 and 1996 in the United States. Many are coming into peak family raising years, want to buy a home, but are often saddled with high student loan debt. This makes home ownership challenging and is sparking a rise in Build-to-Rent.
Kinloch Partners is a pioneer in Build-to-Rent and its portfolio of homes across the Southeast and soon to be Texasprovide an brilliant example of how the concept works.
“We know the path to traditional home ownership is just out of reach for many people today,” McNeilage said. “Newly constructed single-family rental homes are an brilliant alternative for people who still want to rent, but also want the amenities of a family home. We’re looking forward to expanding this concept in Dallas.”

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ATLANTA, GA – FCP announces the acquisition of Westwood Glen, a 247-unit apartment community in Atlanta, GA for $24.5 million. The acquisition marks FCP’s 21st investment in Atlanta and the 9th in the city’s Westside.
“Located in the same submarket as two other FCP communities, Westwood Glen is a well-maintained asset in a location primed for continued growth,” said FCP’s Scott Reibstein. Reibstein continued, “FCP has a strong presence in West Atlanta, which is proximate to the thriving South Fulton industrial corridor, one of the largest corridors of its kind in the U.S., generating robust job growth and demand for housing.”
Westwood Glen is located at 1225 Fairburn Road, SW and features one and two-bedroom floorplans with hardwood floors, pool with sundeck, and a children’s playground in a lush, wooded setting. FCP plans to improve amenities at the community, including the addition of a dog park, package lockers and grilling areas.
FCP extends its appreciation to Paul Vetter and Andrew Mays of Berkadia for their representation.

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WASHINGTON, DC – Broad Creek Capital and Springer Capital recently expanded their joint portfolio of multifamily assets with the acquisitions of the Square at Forest Acres in Columbia, South Carolina and Tanglewood Apartments in Memphis, Tennessee. The total buy price was $16.5M and the two properties together consist of 364 units.
The acquisitions are the most recent investments in Broad Creek Capital’s Enhanced Income Strategy, which seeks to provide tax-efficient high yield investment income via the acquisition and repositioning of underperforming multifamily properties throughout the United States. The portfolio currently totals over 530 units of multifamily real estate.
Matthew Ruesch, Co-Founder and Managing Partner of Broad Creek Capital stated, “Square and Tanglewood are ideal investments for our Enhanced Income Strategy. U.S. multifamily real estate remains one of the most attractive asset classes for yield and long-term capital appreciation, and the southeast region of the country continues to see strong renter demand. By partnering with Springer Capital, a best in-class real estate investment manager, we believe the execution of this strategy will make substantial value for us and our co-investors.”
“We are excited to partner with Broad Creek on these acquisitions in Columbia and Memphis. These properties are located in the southeast, a region that is extremely attractive for long-term investment due to its affordability, strong employer bases, and well-regarded quality of life. The value-add component of these properties is particularly compelling because it provides significant opportunity for near-term realization,” said Tom Farnoly, Principal at Springer Capital.
Tanglewood Apartments is a 199-unit apartment community built in 1975 and located in the Bartlett submarket of Memphis. Bartlett is one of the most sought-after submarkets in Memphis due to its simple access to highways, major employers, and retail options. Tanglewood was lightly renovated in 2006 utilizing tax credit investor equity which placed affordability restrictions on rents. The business plot calls for exterior and interior renovations to bring the property in line with competing properties in the submarket.
Square at Forest Acres is a 165-unit apartment complex built in 1970 and located in Forest Acres, a submarket of Columbia. The property is in an affluent demographic center and is near higher-end retail corridor which includes premium brand grocers, restaurants, and fitness retailers. Extensive interior and exterior renovations on Square commenced shortly after acquisition and are scheduled for completion in 2022.

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