Cavan Companies, a leading Build-To-Rent real estate development firm based in Phoenix, Arizona, is proud to announce the closing of two construction loans totaling $87.5 million with ORIX Corporation USA’s Real Estate Capital Group for the development of two luxury Build-to-Rent (BTR) communities in Omaha, Nebraska – The Bungalows on Honeysuckle and The Bungalows at Whitehawk Lake.
The financing will support the construction and development of two separate housing communities designed to meet the growing demand for rental homes in Omaha, and specifically the desirable and rapidly expanding Elkhorn submarket and West Dodge Corridor. These communities will feature a blend of thoughtfully designed single story apartment homes with modern amenities tailored for today’s lifestyle, offering residents the best of both worlds—luxury, space, and convenience without the burdens of ownership.
“In a tight lending market, experience and a proven track record are invaluable assets. Lenders are more cautious, and having a history of successfully navigating real estate investments builds confidence and trust,” said Dave Cavan, Chairman and Owner. “Our ability to demonstrate a solid performance over time, coupled with our deep industry expertise, positioned us to secure the financing needed, even in challenging conditions. It’s our track record that sets us apart and reassures lenders that we will deliver.”
Cavan Companies has long been at the forefront of the Build-to-Rent movement, leveraging its experience to create vibrant, low-maintenance luxury communities. With a proven track record of delivering high-quality housing in Arizona, the company is poised to bring a new standard of living to Omaha. “The demand for rental homes continues to increase across the U.S., particularly in markets like Omaha,” Gary Burton, CEO added. “Our Build-to-Rent model aligns with shifting market preferences, as more residents are seeking lifestyle-driven housing options without the long-term commitment of traditional homeownership.”
Cavan Companies, also a Family Office, has been a leader in the Arizona Commercial Real Estate development space for more than 50 years, with a leadership team responsible for the development of retail, commercial and residential space along with multiple master planned communities. Cavan has focused exclusively on the development of The Bungalows since 2016. Cavan is committed to bringing people and solutions together by delivering exceptional living experiences through innovative design and superior property management. With a proven track record in Arizona and now expanding to Omaha, Cavan Companies continues to redefine rental living by creating opportunities where residents can thrive within their Bungalow Communities.
