Way Capital named Kyle McDonough Executive Director. He’ll be based in Phoenix and focus on arranging financing for Build-to-Rent (BTR) projects nationally and an array of CRE asset types across the Sun Belt, Midwest and Rocky Mountain markets, including multifamily, hotels, industrial, land, and master-planned community developments.

McDonough co-founded and served as Managing Partner of Scottsdale, AZ-based Tower Capital for over a decade. The partners dissolved the company at the end of June 2025, having arranged nearly $4 billion in bridge, construction, permanent, mezzanine, joint-venture, co-GP, and preferred equity financing transactions since 2015. 

McDonough spearheaded Tower’s emergence as a national leader in arranging financing for the development of BTR communities. He led the capitalization of nearly $3.0 billion, primarily in construction financing, for build-to-rent projects involving 50+ communities encompassing more than 9,000units across the country, spanning multiple states including in Arizona, Texas, Alabama, North Carolina, Colorado, and Indiana.