Build-to-Rent (BTR) construction shows no sign of waning in the Phoenix metro area. Tower Capital arranged $88.5 million in construction financing for a BTR community, Village at Bronco Trail, a 354-unit project planned for development by Scottsdale-based Empire Group. Tower Capital’s George Maravilla and Kyle McDonough, led a team that arranged the financing.

“We have closed nearly $210 million in BTR financing this past month and have roughly $300 million more in the works to close this summer,” said McDonough. In early June, Tower Capital arranged $120.5 million in combined financing for two other Phoenix-area BTR projects by Empire.

The roughly 30-acre Village at Bronco Trail site at 29th Ave. at Sonoran Desert Dr. is slated for first deliveries in 2024. The project will feature average unit sizes of 920 square feet. The community is planned to include detached garages, resort-style pool, clubhouse and common area open space.  Each home offers a private yard.