Paceline Equity Partners Acquires Land for Build-to-Rent Community in Santa Fe
Slice of Real Estate Team
11/18/2024
Key Highlights:
- Paceline Equity Partners acquires 17 acres in Santa Fe for a build-to-rent project.
- Development includes 183 Class-A homes with resort-style amenities.
- Marks Santa Fe's first single-family detached build-to-rent community.
- Strategic partnership formed with Verdot Capital for the project.
Source: Business Wire
Quotes
“ “This investment highlights Paceline’s ability to source and execute differentiated investment opportunities at an attractive entry point in sectors and assets with strong underlying fundamentals, but where capital is not flowing efficiently.” ”
Sam Loughlin, CEO at Paceline Equity Partners
Our Take:
This project represents a pivotal move in addressing unmet housing demand in Santa Fe, leveraging Paceline’s expertise in value-oriented investments and Verdot Capital’s local development capabilities. The focus on Class-A finishes and resort-style amenities aligns with the growing trend of lifestyle-focused housing, catering to renters seeking a premium experience. As Santa Fe expands, this innovative community will likely attract professionals and families looking for high-quality, flexible housing options, setting a precedent for similar developments in the region.
