Press Releases
Marcus & Millichap Capital Corporation Arranges $53 Million Build-to-Rent Refinance in Northwest Arkansas
September 11, 2026
ROGERS, Ark., Sept. 11, 2026 - Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged $53 million in refinancing for The Grove, a build-to-rent (BTR) multifamily property in Rogers, Arkansas.
John Brickson, managing director in MMCC’s Dallas office, represented a joint venture between Brittenum Group and Realty Capital Partners in securing and structuring three-year, nonrecourse financing.
“This financing repaid the borrower’s construction loan ahead of maturity, giving the borrower time to season the rent roll and position the property for a successful sale,” said Brickson. “The Grove has been very well received in the market and has exceptional resident demographics, with median household income of nearly $100,000 among the existing resident base. The property is one of the largest BTR communities by unit count in the Northwest Arkansas region and one of the few projects offering fully detached, single-family-style homes.”
Built in 2024, this 235-unit Class A community is 94.5% occupied and consists of 123 detached two-story, single-family-style cottages and 112 attached townhome-style residences. Community amenities include a resort-style pool, 24-hour fitness center, golf simulator, community clubhouse with co-working offices and a community kitchen, secure package lockers, and a pickleball court.
John Brickson, managing director in MMCC’s Dallas office, represented a joint venture between Brittenum Group and Realty Capital Partners in securing and structuring three-year, nonrecourse financing.
“This financing repaid the borrower’s construction loan ahead of maturity, giving the borrower time to season the rent roll and position the property for a successful sale,” said Brickson. “The Grove has been very well received in the market and has exceptional resident demographics, with median household income of nearly $100,000 among the existing resident base. The property is one of the largest BTR communities by unit count in the Northwest Arkansas region and one of the few projects offering fully detached, single-family-style homes.”
Built in 2024, this 235-unit Class A community is 94.5% occupied and consists of 123 detached two-story, single-family-style cottages and 112 attached townhome-style residences. Community amenities include a resort-style pool, 24-hour fitness center, golf simulator, community clubhouse with co-working offices and a community kitchen, secure package lockers, and a pickleball court.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
