SVN | SFR Capital Management, a private commercial real estate investment firm, announced the formation of a joint venture with Linesight Development to acquire land and construct, lease, and manage a portfolio of new build-to-rent (BTR), single-family rental housing communities.

Currently, the joint venture is developing its first mixed-use community project in the Dallas metro area, where residents will have the option to rent either single-family detached or attached townhome properties.

“The first joint venture development project near Dallas is moving forward, and its proximity to jobs, retail, and entertainment make it an ideal community for young families and mid-tier professionals who either prefer to rent and or may be priced out of the home buying market due to rising rates and significant price appreciation over the last two years,” says David Rey, managing partner at Linesight.

Linesight brings a broad level of development expertise across multiple commercial and residential disciplines with in-house architectural, engineering, horizontal, and vertical construction expertise. The company’s experience in land acquisition, development, and construction offers the ability to move on land opportunities quickly, ensuring a significant BFR pipeline across multiple states.

SVN | SFR will acquire the homes at certificate of occupancy and will lease, manage, and operate the communities. The venture will collectively provide 1,000-plus BTR homes annually with a valuation of approximately $1.5 billion over the initial five years.

“Our partnership with Linesight is a strategic step forward in the BTR marketplace as it offers tremendous opportunity to scale, enhance, and leverage each of our company’s unique skill sets to optimize communities for the residents and increase profitability for our equity partners,” says Jeff Cline, CEO of SVN | SFR Capital Management. “With Linesight’s national and international reach, the joint venture’s ability to develop, build, and operate in multiple states and more quickly help fulfill growing demand for housing across the U.S. is possible.”