PHOENIX, (Feb. 12, 2026) – JLL Capital Markets announced today that it has arranged a $33.05 million and $31.25 million refinancing of Phoenix BTR communities Villas Litchfield and Villas Goodyear, respectively, two newly constructed luxury build-to-rent communities the West Valley.
JLL represented the borrower, an affiliate of Blue Vista Capital Management, LLC and Family Development, in securing the loans with ORIX Corporation.
Both properties delivered their final units in 2025 and feature premium single-story villa designs, with 153 units at Litchfield Park and 151 at Goodyear. The communities offer residents the privacy and spacious feel of single-family home living while providing apartment-style amenities. Each unit features a private, enclosed backyard with green turf, stainless steel appliances, island kitchens with quartz countertops, wood-plank-style flooring, and in-unit washers and dryers.
These Phoenix BTR communities are designed for modern living and convenience.
Community amenities include resort-style pools, 24-hour athletic centers, expansive dog parks with no breed or weight restrictions, organic community gardens adorned with citrus trees, EV charging stations, and grill stations with stainless steel grills.
The properties are strategically located near major employment hubs, outdoor recreation, and cultural attractions in Phoenix's rapidly growing West Valley. The surrounding demographics support strong rental demand, with average household incomes exceeding $126,000 within a three-mile radius of both properties and average rents representing only 18 percent of monthly income.
Phoenix continues to rank among the nation's fastest-growing metropolitan areas, adding nearly 85,000 residents between 2023 and 2024. The market benefits from exceptional economic diversification across the financial services, aerospace, technology, and healthcare sectors, with no single industry accounting for more than 19.3 percent of employment.
Both properties are managed by Greystar, the global leader in rental housing with more than one million units under management across 211 markets globally.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory, and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.