Haven Realty Capital, in joint venture with funds managed by Yieldstreet, has closed on the first phase of a $28.6 million acquisition of Hartman Hill, a 71-home purpose-built single-family rental housing community in Chattanooga, Tenn. The Haven-led joint venture will close on the remaining homes in phases over the next seven months.
Hartman Hill is the first build-for-rent community in Chattanooga for Haven, and its fourth in Tennessee since entering the market in July 2021. In addition to Chattanooga, Haven owns three properties in Nashville and one property in Knoxville. Hartman Hill is being developed on a 26-acre site at 5005 Dayton Boulevard in the Red Bank neighborhood of Chattanooga, located eight miles north of downtown Chattanooga.
At buildout, Hartman Hill will offer three- and four-bedroom homes ranging in size from 1,538 to 2,515 square feet. Each of the 71 two-story homes will offer high-quality finishes and features found in new for-sale housing includ
