CenterSquare Investment Management acquired Casey Corner, an 80-unit build-to-rent (BTR) townhome community in Westfield, Indiana. The property represents CenterSquare’s debut BTR investment in the market, and the community is located near downtown Indianapolis with easy access to the I-465 Beltway.

Casey Corner is comprised of two-story townhome units, with an average size exceeding 1,750 square feet. These units consist of three bedrooms, two-and-a-half bathrooms, and attached two-car garages. The acquisition of completed homes will unfold in stages that reflect the project’s progress, with the initial homes acquired in August 2023, and the final deliveries targeted for February 2024.

“CenterSquare places high value on quality, flexibility, and community, recognizing the growing demand for homeownership alternatives,” said Chris Picyk, Senior Vice President of Private Real Estate. “This investment not only signifies our confidence in the build-to-rent single-family rental sector, but demonstrates our desire to provide attainable housing in growing submarkets of the country.”