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Transactions - MAY 25, 2022

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EXCLUSIVE — Blue Vista Capital Management acquires two build-to-rent development projects in Arizona

by Kali Persall

Blue Vista Capital Management has acquired land for two single-family build-to-rent (BTR) development projects in Litchfield Park and Goodyear, located outside Phoenix.

The project at Lichtfield Park will be a 153-unit community consisting of 54 one-bedroom duplex units and 99 detached two-bedroom single-family rentals totaling 137,043 square feet. The project at Goodyear will be a 151-unit community consisting of 60 one-bedroom duplex units and 91 detached two-bedroom single-family units totaling 132,985 square feet.

Upon completion, the projects will consist of more than 300 homes representing 265,028 square feet and offer secure private-gated entrances and attractive amenities, such as private outdoor space, resort-style pools, clubhouses and outdoor lounge areas with grills. Homes will feature high-end finishes including simulated wooden flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and nine- to 10-foot ceilings.

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