CenterSquare Investment Management has acquired Casey Corner, an 80-unit build-to-rent (BTR) townhome community in Westfield, Indiana. This investment marks CenterSquare’s debut BTR venture in the Indianapolis market and provides easy access to the I-465 Beltway. The two story townhomes feature three bedrooms, two and a half bathrooms with attached garages that average 1,750 square feet. Acquisition of completed homes will occur over several stages from August 2023 through February 2024.
Senior Vice President of Private Real Estate Chris Picyk commented on this acquisition: “At CenterSquare we recognize the growing demand for homeownership alternatives and value quality, flexibility as well as community when making investments such as this one at Casey Corner.” He continued by saying “This not only signifies our confidence in the build to rent single family rental sector but demonstrates our desire to provide attainable housing options within thriving submarkets across America.”
