- Slice of Real Estate
- Posts
- Paceline Equity Partners Acquires Land for Build-to-Rent Community in Santa Fe
Paceline Equity Partners Acquires Land for Build-to-Rent Community in Santa Fe
Slice of Real Estate Team
November 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
Notable 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.”
“We are pleased to partner with Verdot Capital, a highly experienced developer, and deepen our roster of strong operating partner relationships.”
“Together, we are committed to delivering an asset that will contribute lasting value to Santa Fe, meeting a critical housing need in a way that honors the character of this remarkable city.”
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.