Capital Square to Raise Equity for Denton BTR Project

Capital Square, a multifamily development investor, launched a funding vehicle to raise $22 million in equity to develop a 195-unit single family build-for-rent (BFR) community in the Dallas suburb of Denton, Texas. Capital Square has partnered with Good + West Residential and Montgomery Street Partners as co-developers on the project.  

Capital Square’s Louis Rogers added, “Many investors and their advisors have requested additional real estate investments that generate superior risk adjusted returns in a shorter time horizon.  This development LLC offering fits the bill for those investors and their advisors and is the first of many development offerings to follow.”

Located at 2205 N. Bonnie Brae Street, the 18-acre development will include a mix of one-, two- and three-bedroom single-family properties that average 1,005 square feet. Amenities will include a community pool, fitness center, business center, dog park, pavilion and pickleball court. The community will be developed and marketed under the Perch brand.