NexMetro Launches $100 Million Private Equity BTR Investment Fund
NexMetro Communities – a national build-to-rent developer and investment sponsor – has launched NexMetro Direct Access Fund 2026, LLC, and aims to raise $100 million from accredited investors, registered investment advisers, and family offices. The fund, also known as DAF 26, is a private equity investment vehicle providing access to BTR projects across high-growth U.S. markets.
Established in 2012, NexMetro said it has been at the forefront of BTR through the development of its Avilla Homes platform, which delivers detached, single-story rental homes in major Sunbelt metros. DAF 26 expands investor access to this platform by offering a diversified portfolio of newly developed Avilla Homes communities.
DAF 26 is a pooled investment fund under Rule 506(c) of Regulation D with a minimum investment of $250,000 and a management fee of 1.5%. According to NexMetro, it anticipates the fund supporting four to six projects across at least three growth metros and is targeting an internal rate of return of 15% to 20%.
“NexMetro has spent more than a decade building a scaled, repeatable development platform focused exclusively on built-to-rent,” said Ryan Krafczik, vice president of equity investments at NexMetro Communities. “As housing affordability, lifestyle preferences, and demographic trends continue to evolve, build-to-rent has emerged as a durable and institutional-quality segment of the rental housing market.”
DAF 26 is structured as a passive investment with an expected five-year fund life. It is designed to pursue long-term capital appreciation by developing and stabilizing Avilla Homes BTR communities. The strategy emphasizes underwriting, operational execution, and exposure to long-term demographic and housing demand trends in select high-growth U.S. markets. NexMetro serves as the sponsor and developer, overseeing site selection, entitlement, construction, and execution through its vertically integrated platform.
DAF 2026 represents the company’s third annual BTR portfolio offering and continues the firm’s measured expansion of its Direct Access Fund series, with each sequential fund increasing in size relative to the prior vintage. The two preceding Direct Access Fund portfolios, comprised of ground-up Avilla Homes BTR developments, are currently under construction and in the early phases of lease-up.
DAF 2026 is available on the iCapital platform, expanding access to a broader network of RIAs and wealth management firms. With projects in Sunbelt submarkets including Phoenix, Dallas, Denver, Atlanta, Austin, and Tampa, NexMetro Communities has grown to more than 10,800 single-family homes across 60 projects, both completed and underway.
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