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Cavan Cos. Sells Build-to-Rent Project in Gilbert, Arizona for $66M
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Cavan Cos. Sells Build-to-Rent Project in Gilbert, Arizona for $66M
GILBERT, ARIZ. — Cavan Cos. has sold The Bungalows at San Tan Village, a 159-unit build-to-rent (BTR) community in Gilbert to AEW Capital Management. The sales price was $66 million. Cavan Cos. began construction of the property in 2021 and completed it in 2024. The Bungalows at San Tan Village was 97 percent occupied at the time of closing. The community offers a mix of one-, two- and three-bedroom single-story homes, each featuring private bac…
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