IPA Capital Markets successfully arranged $52.3 million in financing for the construction of two build-to-rent (BTR) communities, including Ridgeline Vista Townhomes located in Brighton, Colorado. The team at IPA’s Dallas office, led by managing director Adam Mengacci, worked diligently on behalf of Republic Property Group to secure and structure two bank loans and an additional $10.4 million in preferred equity. With a portfolio exceeding $7 billion across eight states, Republic Property Group is a trusted leader in real estate development.
According to Tony Ruggeri from Republic Property Group, the BTR asset class has experienced remarkable growth within the U.S housing market – surpassing both single-family homes and multifamily housing sectors. As such, Ridgeline Vista Townhomes will offer top-notch amenities such as two-car garages and fully maintained front yards for its residents’ convenience and enjoyment.
