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California  + Apartments  | 

New Growth Living Cuts Ribbon on Sacramento’s First BTR Project

New Growth Living cut the ribbon recently on Tanzanite Homes, reportedly the City of Sacramento’s first build-to-rent (BTR) single-family home community and the first to add a mix of Accessory Dwelling Units (ADU.) Located at 2490 Quiet Trail Lane in Natomas, an expanding neighborhood just north of Sacramento, the 211-unit project offers a mix of single-family homes and duplexes.

“We aim to improve the quality of life for our residents by creating high-quality rental homes,” said Dan Nethercott, co-founder of Austin-based NewGrowth Living. “We’re pleased to fulfill the residential demand of the growing number of families seeking a maintenance-free, single-family residence environment without the burdens of ownership.”

Designed by Jeffrey DeMure + Associates, most of Tanzanite Homes’ 211 residences are grouped as duplex units with attached and detached alley-loaded garages. There are two- and three-bedroom homes ranging from about 1,009 to 1,501 square feet, while the 73 one-bedroom duets measure 726 square feet. There are also eight single-family, detached homes.

Leaders From Rialto Capital Management, AEW, CIM, Rexford Industrial, EQR and Cushman & Wakefield come together on the Capital Markets panel at Connect Los Angeles 2024 on May 1 at the InterContinental in DTLA. Register now to hear from these industry experts and more. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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