Lincoln Property Company JV to Build First B-T-R Development in Naperville

Peakline Real Estate Funds, a private real estate investment firm, announced the closing of The Claire, a build-to-rent townhouse community in Naperville, Illinois.

Developed in partnership with Lincoln Property Company, this project marks the first build-to-rent development in Naperville. The Claire marks the second strategic investment of PREF’s Build To Rent Fund I. The build-to-rent community will consist of 90 for-rent, two- and three-story townhomes, each featuring a two-car attached garage, top-of-the-market finishes, and access to a robust amenity package.

Construction of The Claire is expected to begin in Q4 2025, with the first units ready for occupancy in Q2 2026. The Claire will be professionally managed by RPM Living. “This development exemplifies our commitment to delivering thoughtfully crafted, long-term multifamily solutions that meet the evolving needs of today’s households while creating value for our investment partners,” said Peter Kelly, Executive Vice President at Lincoln Property Company.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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