NexMetro Communities
- Company typePrivate
- Founded2012
- HeadquartersPhoenix, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
NexMetro Communities firmographics
Firmographics- Name
- NexMetro Communities
- Legal name
- NexMetro Communities, LLC
- Website
- https://nexmetro.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
NexMetro Communities industry classification
Industry- Product category
- Build-to-Rent Real Estate Development
- NAICS
- Lessors of Real Estate (5311)
- SIC
- Real Estate Agents & Managers (For Others) (6531), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Build-to-Rent (BTR) Community Management (BPAJAFAC)
- akta.pro secondary industry
- Residential General Contracting (New Build) (IMAFAAAB)
Keywords
Where NexMetro Communities is headquartered
LocationHeadquarters
- HQ city
- Phoenix
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
NexMetro Communities business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Rental Income: NexMetro generates recurring rental income from its owned and operated build-to-rent communities. Residents pay monthly rent for single-family cottage homes in Sun Belt markets.
- Sponsor/Development Fees: As General Partner of its investment funds, NexMetro earns sponsor fees and development fees from the funds it manages. This includes carried interest participation in fund profits and asset management fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Direct Access Fund 2026 - $250,000 minimum |
| Subscription | Quarterly | NexMetro Dividend Fund II - Quarterly distributions |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
NexMetro Communities product offering
Product offeringCore offering
NexMetro Communities is a vertically integrated build-to-rent (BTR) developer and investment sponsor that develops, owns, and operates single-story cottage-style rental home neighborhoods under the Avilla Homes brand across Sun Belt U.S. markets. The company also sponsors Regulation D private placement investment funds (Direct Access Fund and Dividend Fund series) that provide accredited investors access to its BTR developments, with NexMetro earning rental income, management fees, sponsor fees, and development fees.
Product overview
NexMetro Communities operates as a vertically integrated build-to-rent developer and investment sponsor offering two primary investment products: the Direct Access Fund series (closed-end equity development funds targeting 15%+ net returns) and the Dividend Fund series (open-end private credit funds offering quarterly distributions at approximately 10.5% coupon). These investment vehicles fund the development and operation of Avilla Homes, the company's branded portfolio of cottage-style BTR communities across Sunbelt markets.
Differentiator
Problem solved
Functional benefit
Brands
- Avilla Homes: Luxury leased home neighborhoods featuring single-level, mostly detached rental homes with private backyards, front porches, and resort-style amenities in Sun Belt markets.
- Direct Access Fund
- NexMetro Dividend Fund II
Products and services
- Avilla Homes NexMetro's flagship brand of single-story, mostly detached rental home neighborhoods offering luxury leased living with private backyards, front porches, upscale finishes (10-foot ceilings, stainless steel appliances, granite/quartz countertops), pet-friendly policies, resort-style amenities, and integrated smart-home technology; targeted at individual renters seeking single-family home space without ownership commitment.
- Direct Access Fund 2026 (DAF 26) A closed-end equity development fund targeting 15%+ net returns, providing accredited investors diversified exposure to a curated portfolio of newly developed Avilla Homes build-to-rent communities across high-growth U.S. Sun Belt markets; $250,000 minimum investment with 1.5% annual management fee, available on iCapital, Fidelity, and Charles Schwab platforms.
- NexMetro Dividend Fund II An open-end private credit fund for investors seeking quarterly distributions with a 10.5% current coupon, focused on a preferred equity strategy in BTR communities with capital preservation objectives; available for custody on Fidelity and Schwab alternatives platforms.
- JV Equity Opportunities
Quantifiable outcome
- 21.5% average net investor returns historically
- +2 more outcomes
Companies that use NexMetro Communities
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
NexMetro Communities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
NexMetro Communities partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor.
- LanCarte CommercialminorLanCarte Commercial brokered property sales for NexMetro, facilitating disposition of build-to-rent communities to institutional buyers.
- DTJ DesignminorDTJ Design provides architectural services for NexMetro communities, contributing to the design of build-to-rent cottage home developments.
- Catamount ConstructorsminorCatamount Constructors serves as a general contractor for construction of NexMetro build-to-rent communities, providing construction services for development projects.
- MosaicminorMosaic provides general contracting services for NexMetro build-to-rent developments, contributing to construction execution across Sun Belt markets.
- Arizona Housing FundminorArizona Housing Fund is a philanthropic partner for NexMetro, recognizing the company as 2024 Partner of the Year for contributions to Arizona housing initiatives.
Scale indicators8 records
Recent moves13 records
Expansion highlights6 records
NexMetro Communities competitors and assessment
Company assessmentBroad incumbents
- D.R. Horton:
- Lennar Corporation:
- Tricon Residential:
- Greystar Real Estate Partners: Greystar is the largest U.S. multifamily and BTR property manager and operator, with growing exposure to single-family build-to-rent. It is comparable to NexMetro in institutional rental housing operations and Sun Belt footprint, though primarily as a fee manager and operator across many property types rather than a pure-play BTR developer.
- Willow Bridge Property Company: Willow Bridge Property Company (formerly Lincoln Property Company's residential management arm) is one of the largest U.S. residential property managers, including BTR communities. It is comparable to NexMetro on property management execution and Sun Belt footprint, though it operates as a third-party manager rather than owner-developer.
- Invitation Homes: Invitation Homes is the largest publicly traded single-family rental operator in the U.S., owning and leasing more than 80,000 homes across Sun Belt and Western markets. It is comparable to NexMetro as a scaled institutional BTR/SFR landlord but operates more as a capital-allocation acquirer of existing homes rather than a purpose-built community developer.
- American Homes 4 Rent: American Homes 4 Rent is a publicly traded single-family rental REIT with a portfolio of more than 59,000 homes, including a growing portfolio of newly built BTR communities. It competes with NexMetro across Sun Belt markets and overlaps on institutional capital-raising, though at meaningfully larger scale.
Direct peers
- Christopher Todd Communities: Christopher Todd Communities is a build-to-rent developer of single-family rental neighborhoods in the Phoenix and Dallas-Fort Worth metros, and has actually acquired assets from NexMetro. It is a direct peer in cottage-style BTR product, target renter, and Sun Belt geography.
- Pretium Partners: Pretium Partners is a large alternative asset manager focused on U.S. single-family rental and build-to-rent, with deep institutional capital relationships and active community development. It is one of the closest direct peers to NexMetro in combining BTR development with capital-markets scale.
Emerging players
- Yardly: Yardly is an emerging build-to-rent developer of single-story rental home communities across the Sun Belt, offering a similar cottage-style product to NexMetro's Avilla Homes. It is an emerging peer with overlapping target customer (renters by choice) and geography, though at smaller scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
NexMetro Communities social profiles
Digital presenceNexMetro Communities financial estimates
Financial estimateRevenue estimate
Valuation estimate
NexMetro Communities leadership team
Management profileNumber of profiles
Profiles12 records
NexMetro Communities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NexMetro Communities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NexMetro Communities
What does NexMetro Communities do?
NexMetro Communities is a vertically integrated build-to-rent (BTR) developer and investment sponsor that develops, owns, and operates single-story cottage-style rental home neighborhoods under the Avilla Homes brand across Sun Belt U.S. markets. The company also sponsors Regulation D private placement investment funds (Direct Access Fund and Dividend Fund series) that provide accredited investors access to its BTR developments, with NexMetro earning rental income, management fees, sponsor fees, and development fees.
Is NexMetro Communities a public or private company?
NexMetro Communities is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was NexMetro Communities founded?
NexMetro Communities was founded in 2012. It employs 101 to 250 people.
Where is NexMetro Communities based?
NexMetro Communities is headquartered in Phoenix, United States, in the North America region.
How does NexMetro Communities make money?
Two revenue lines are on record. Rental Income is the primary driver. The others are sponsor/Development Fees.
Who are NexMetro Communities's main competitors?
Broad incumbents on record are D.R. Horton, Lennar Corporation, Tricon Residential, Greystar Real Estate Partners, Willow Bridge Property Company, Invitation Homes and American Homes 4 Rent. Direct peers are Christopher Todd Communities and Pretium Partners. Yardly is listed as an emerging player.
Does NexMetro Communities have an API?
No public API is recorded for NexMetro Communities.
What industry is NexMetro Communities in?
NexMetro Communities's product category is Build-to-Rent Real Estate Development. Its primary akta.pro industry code is BPAJAFAC, Build-to-Rent (BTR) Community Management, with a secondary code of IMAFAAAB, Residential General Contracting (New Build). Its NAICS code is 5311 and its SIC code is 6531.