Capital Square announced the completion of construction at Perch Denton, a 195-unit, single-family build-for-rent community in the Dallas suburb of Denton, Texas.
The 18-acre development includes a mix of one-, two- and three-bedroom single-family homes that average 1,005 square feet. Community amenities include a resort-style pool, fitness center, business center, dog park, pavilion and pickleball court all developed and marketed under the Perch brand. All certificates of occupancy have been issued and nearly one-third of the homes are already occupied with leasing activity underway.
Capital Square co-developed the project with Good + West Residential and Montgomery Street, which was capitalized with funds raised from accredited investors in Capital Square Denton BFR LLC, a private placement investment sponsored by Capital Square.
“Capital Square is a vertically integrated, national real estate firm built on three pillars: invest, build and manage,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Perch Denton is a part of Capital Square’s build strategy that gives the firm a competitive advantage by building our own investment properties for the various investment programs, DST, opportunity zone funds and the REIT.”
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