Cortland Build-to-Rent Community Development – Charlotte

United States

Deal value: $120,000,000

Development of a 400-unit build-to-rent single-family home community in Charlotte, North Carolina, with amenities including a clubhouse, pool, and fitness center.

The core investment motivation is to capitalize on the persistent U.S. housing shortage and the growing demand for high-quality rental homes, especially among millennials and Gen Z who are priced out of homeownership but seek suburban living with amenities. The strategic purpose is to generate stable, long-term cash flow and benefit from rent growth and property appreciation in a supply-constrained, high-growth market like Charlotte. This allocation is driven by the belief that build-to-rent communities offer superior tenant retention, lower turnover costs, and resilience to economic cycles.