Tower Capital has arranged a $51.5 million construction loan for another Build-to-Rent (BTR) community in Phoenix. The company has now far exceeded the $1 billion dollar mark in construction financing for BTR communities.

Zen Investing and 10Y will manage the 190-unit development, which broke group last month. It will be built on 12 acres at 83^rd Avenue and Thomas Road. 

Completion is expected in October 2025. The development, Skyview by Zen, will include two-story townhomes. They will have two 2-car garages and floor plans averaging 1,420 square feet. One layout features three bedrooms, 2.5 baths, and an office, while another encompasses a dual-owner suite configuration with 2.5 baths and an office. 

Tower Capital’s Kyle McDonough, managing partner and co-founder, and George Maravilla, partner, arranged the financing on behalf of Zen and 10Y.