$6M

DLP Capital Approves Loan for Avilla Foster Meadows Development

DLP Capital is proud to announce the closing of a loan to NexMetro Communities, LLC, a leading developer of cottage-style build-to-rent communities in the Sunbelt. This financing will support the pre-development phase of Avilla Foster Meadows, a new build-to-rent community in the rapidly growing Atlanta metropolitan area.

The financing will support the entitlement process and site preparation for the 36-acre property in McDonough, Georgia. By partnering with NexMetro, DLP Capital will help finance the development of a thriving purpose-built rental community in a market with strong demand for attainable housing options.

Avilla Foster Meadows: A new standard in residential living

Located in northwest McDonough, Georgia—a city situated roughly 30 miles southeast of downtown Atlanta—Avilla Foster Meadows will deliver a premium yet attainable living experience consistent with other Avilla-branded communities.

The project will feature 254 single-story detached rental homes, providing residents with the privacy of single-family living with the flexibility of a lease. Homes in the community, which average 979 square feet, are tailored to meet the needs of modern renters, combining comfort with maintenance-free convenience.

About McDonough and the Atlanta metropolitan area

A key city within the Atlanta–Sandy Springs–Roswell Metropolitan Statistical Area. McDonough has become a magnet for growth. Its population, currently at about 35,000, has increased by nearly 18% since the 2020 census as families and professionals seek high-quality living environments outside the immediate city center.¹ The development’s prime location offers residents easy access to the broader Atlanta economic hub while providing a distinct, small-town atmosphere.

Strategic financing to advance development

DLP Capital’s acquisition and development (A&D) loan will provide NexMetro Communities with capital to complete the entitlement and development process.

This investment aligns with DLP Capital’s commitment to supporting attainable housing projects undertaken by mission-aligned sponsors that address America’s housing crisis.

NexMetro Communities: A pioneer in build-to-rent

NexMetro Communities is the nation's leading developer of cottage-style build-to-rent (BTR) neighborhoods, offering lifestyle-conscious consumers a luxury leased home experience without the burdens of ownership. Established in 2012, NexMetro has developed Avilla Homes neighborhoods in prime Sunbelt submarkets, including Phoenix, Dallas, Denver, Atlanta, Austin, and Tampa.² The company has redefined the traditional housing market by combining the convenience of apartment living with the comforts of a single-family home, with more than 60 neighborhoods completed, under construction, and in development.

NexMetro’s stated purpose is to “inspire and empower people to live their best lives” by reinventing the rental experience.³ This mission aligns closely with DLP Capital’s own commitment to transform lives through the building of Thriving Communities. DLP is excited to support NexMetro and its industry-leading Avilla build-to-rent concept.