Tower Capital arranged nearly $108 mil in combined financing for four single-family, build-for-rent (BFR) developments in two states. The larger of the transactions involve Empire Group’s development plans in Metro Phoenix for the Village at Paseo de Luces in Tolleson, AZ and Village at The BLVD in Avondale, AZ. Tower Capital also arranged financing for Family Development’s Arise North PHX in Metro Phoenix and arranged financing for a single-family BFR project in Charlotte, North Carolina.
