Shoreham Capital and Sabal Investment Holdings have closed on the first phase of homes at Juniper Pointe, a luxury build-to-rent (BTR) townhome community in Naples.

Juniper Pointe will comprise 47 two-story townhomes with three- and four-bedroom floor plans ranging from 1,900 to almost 2,500 square feet. All units have open layouts, attached one- or two-car garages and covered lanais. The gated community will also include a resort-style pool.

The acquisition was made via an off-market, forward purchase. Berkadia South Florida’s team, which includes Scott Wadler, Matt Nihan, Mitch Sinberg, Brad Williamson and Matt Robbins, arranged the financing through Banesco.

“There is high demand for turn-key living in this market and the units are fully upgraded with state-of-the-art appliances and technology,” Nihan said in a press release. “The sponsor was able to acquire all 47 units early in the development process at an attractive basis during a brief period of market softening.”

The community is expected to be completed later this year with the first move-ins scheduled for the second quarter. 

“This acquisition underscores our confidence in the build-to-rent sector, particularly in strong infill locations in growth markets like Naples,” said Doug Faron, managing partner at Shoreham Capital. “We remain bullish on the build-to-rent asset class given strong demographic trends, consumer preferences, and a national housing shortage. We are excited to partner with Sabal, who has been an incredible partner in supporting us to strategically deploy capital in this growing sector.”