$64.3M in total financing secured for newly constructed Phoenix BTR communities

PHOENIX, Feb. 11, 2026 –  JLL Capital Markets announced today that it has arranged a $33.05 million and $31.25 million refinancing Villas Litchfield and Villas Goodyear respectively, two newly constructed luxury build-to-rent communities in Phoenix's West Valley.

JLL represented the borrower, an affiliate of Blue Vista Capital Management, LLC and Family Development, in securing the loans with ORIX Corporation USA.

Both properties delivered their final units in 2025 and feature premium single-story villa designs across 153 units at Litchfield Park and 151 units at Goodyear. The communities offer residents the privacy and spacious feel of single-family home living while providing apartment-style amenities. Each unit features private enclosed backyards with green turf lawns, stainless steel appliances, island kitchens with quartz countertops, wood plank-style flooring and in-unit washers and dryers.

Community amenities include resort-style pools, 24-hour athletic centers, expansive dog parks with no breed or weight restrictions, organic community gardens adorned with citrus trees, EV charging stations and grill stations with stainless steel grills.

The properties are strategically located near major employment hubs, outdoor recreation and cultural attractions in Phoenix's rapidly growing West Valley. The surrounding demographics support strong rental demand, with average household incomes exceeding $126,000 within a three-mile radius of both properties and average rents representing only 18 percent of monthly income.

Phoenix continues to rank as one of the nation's fastest-growing metropolitan areas, adding nearly 85,000 residents between 2023 and 2024. The market benefits from exceptional economic diversification across financial services, aerospace, technology and healthcare sectors, with no single industry comprising more than 19.3 percent of employment.

Both properties are managed by Greystar, the global leader in rental housing with more than one million units under management across 211 markets globally.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Founded in 2002, Blue Vista is a real estate investment firm that sponsors niche-focused private fund and separate account strategies on behalf of institutional investors, including public and private pension funds, endowments and foundations, sovereign wealth funds, insurance companies, corporations and family offices. Since inception, Blue Vista has invested over $14.6 billion in total capitalized value as of December 31, 2025.

Family Development, founded in 2003, specializes in developing For-Sale homes and Build to Rent communities throughout Arizona, Texas and California.  Having developed over 7,000 units and $2 billion in real estate over the last two decades, the Family Development team has an in-depth knowledge and experience at developing product that consistently breaks records and garners industry awards. The firm has delivered five multifamily communities in the Phoenix market in the last three years and is building its pipeline to target the upcoming demand that is forecasted for the years to come.