|
|
2/12/26
|
Two newly constructed luxury build-to-rent communities in Phoenix's West Valley have been refinanced in separate deals totaling $64.3 mil. The properties, Villas Litchfield and Villas Goodyear, are owned by an affiliate of Blue Vista Capital Management LLC and Family Development.
Both properties delivered their final units in 2025 and feature premium single-story villa designs across 153 units at Litchfield Park and 151 units at Goodyear. The communities offer residents the privacy and spacious feel of single-family home living while providing apartment-style amenities. Each unit features private enclosed backyards with green turf lawns, stainless steel appliances, island kitchens with quartz countertops, wood plank-style flooring and in-unit washers and dryers.
Community amenities include resort-style pools, 24-hour athletic centers, expansive dog parks with no breed or weight restrictions, organic community gardens adorned with citrus trees, EV charging stations and grill stations with stainless steel grills.
The properties are strategically located near major employment hubs, outdoor recreation and cultural attractions in Phoenix's rapidly growing West Valley. The surrounding demographics support strong rental demand, with average household incomes exceeding $126,000 within a three-mile radius of both properties and average rents representing only 18% of monthly income.
JLL Capital Markets arranged the new loans, which were funded through ORIX Corporation. Both properties are managed by Greystar.
Phoenix continues to rank as one of the nation's fastest-growing metropolitan areas, adding nearly 85,000 residents between 2023 and 2024. The market benefits from exceptional economic diversification across financial services, aerospace, technology and healthcare sectors, with no single industry comprising more than 19.3% of employment.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
