Next Chapter Neighborhoods

What Next Chapter Neighborhoods does

Next Chapter Neighborhoods is a privately held build-to-rent real estate developer headquartered in Evans, Georgia, that designs, builds, owns, and operates master-planned single-family cottage rental communities. Founded in 2014 by Tim Chapman and Wayne Millar, the company pioneered a 'horizontal apartment' concept that combines detached one-, two-, three-, and four-bedroom cottages (eight standardized floor plans ranging from 839 to 1,804 square feet) with resort-style shared amenities such as pools, fitness centers, clubhouses, dog parks, and playgrounds, along with active community programming intended to drive low tenant turnover. Cottages come with attached garages and upscale interior finishes (stainless steel appliances, granite countertops, hardwood laminate flooring, vaulted ceilings).

The business model is direct-to-consumer residential rental: the company leases homes to individuals and families through on-site management teams and the corporate website, with pre-leasing launched ahead of construction completion to accelerate lease-up. Revenue is recurring monthly rental income, with no public pricing disclosure; prospective tenants are routed to contact the company for rates. The active portfolio currently consists of one fully completed and leased community, Dupont Meadows in Fort Wayne, Indiana (a planned 250-home site), with Foxtail Commons in Ridgeland, South Carolina under construction, and four additional communities announced across Missouri (Bluestem at Stagecoach, formerly Hill Creek Commons), Arkansas (Springhouse at Clabber Creek), Indiana (Trillium at 700 West), and Oklahoma (Edmond). The two original communities — Sweetwater Commons (North Augusta, SC) and Jasper Village (Rincon, GA) — were sold in October 2021, signaling a capital-recycling strategy. The company's leadership team combines repeat real-estate operators and senior executives hired from a multi-billion-dollar REIT and a national multifamily developer, indicating a deliberate professionalization as the pipeline scales.

Name

Next Chapter Neighborhoods

Legal name

Next Chapter Neighborhoods

Website

https://nextchapterneighborhoods.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Next Chapter Neighborhoods is a private build-to-rent developer that designs, owns, and operates master-planned single-family cottage rental communities with resort-style amenities for individuals and families seeking rental homes with community living.

Ownership category

akta.pro rank

Product category

Single-Family Rental Housing

NAICS

Lessors of Residential Buildings and Dwellings (53111)

SIC

Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Single-Family Homes (Standalone Houses) (THAMAAAA)

Keywords

• Single-family rentals
• Build-to-rent communities
• Cottage rental neighborhoods
• Residential property leasing
• Master-planned rental housing

Headquarters

HQ city

Evans

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Residential Rental Income: The company generates revenue through monthly rental payments from tenants occupying their single-family cottage communities. Each community offers 1-, 2-, 3-, and 4-bedroom homes with attached garages. Revenue is recurring as tenants sign lease agreements for the homes.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Next Chapter Neighborhoods develops, owns, and operates single-family cottage rental communities that combine the privacy of detached homes with resort-style shared amenities (pool, fitness center, clubhouse, dog park, playground). The company offers 1-, 2-, 3-, and 4-bedroom floor plans across multiple master-planned developments in the U.S. Southeast and Midwest, leasing homes directly to residential tenants through on-site management teams.

Product overview

Next Chapter Neighborhoods is a single-family cottage rental community developer offering eight flexible floor plans (Birch, Camellia, Cherry, Chestnut, Cypress, Jasmine, Maple, and Pecan) for 1, 2, 3, and 4-bedroom homes. The company develops and operates residential communities that combine the privacy and charm of single-family cottages with the convenience of renting. Every cottage comes equipped with stainless steel appliances, granite countertops, soft-close cabinets, hardwood laminate flooring, and vaulted ceilings. Communities feature resort-style amenities including swimming pools, fitness centers, clubhouses, business centers, dog parks, and playgrounds. The portfolio includes completed communities (Dupont Meadows in Fort Wayne, IN), communities under construction (Foxtail Commons in Ridgeland, SC), and upcoming developments (Bluestem at Stagecoach in Kansas City, MO, Springhouse at Clabber Creek in Fayetteville, AR, and Trillium at 700 West in Cumberland, IN).

Differentiator

Problem solved

Functional benefit

Brands

• Sweetwater Commons: Community in North Augusta, South Carolina (sold in October 2021)
• Jasper Village
• Dupont Meadows
• Foxtail Commons
• Bluestem at Stagecoach
• Springhouse at Clabber Creek
• Trillium at 700 West

Products and services

• Dupont Meadows A fully completed and leased single-family cottage rental community in Fort Wayne, Indiana, offering multiple floor plan options and resort-style amenities.
• Foxtail Commons A single-family cottage rental community under construction in Ridgeland, South Carolina, with pre-leasing expected to begin soon.
• Bluestem at Stagecoach An upcoming single-family cottage rental community in Kansas City, Missouri, formerly known as Hill Creek Commons.
• Springhouse at Clabber Creek An upcoming single-family cottage rental community in Fayetteville, Arkansas.
• Trillium at 700 West An upcoming single-family cottage rental community in Cumberland, Indiana.

Quantifiable outcome

• Low renter turnover due to happy neighbors and community satisfaction

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Front Yard Residential (now Pretium): Acquired by Pretium Partners, this BTR REIT historically managed single-family rentals in similar Sun Belt markets. Directly comparable business model.
• Lennar: Major US homebuilder with a growing BTR segment (Lennar Homes and Millrose Properties). Adjacent as both a homebuilder and emerging institutional BTR competitor.
• D.R. Horton: Largest US homebuilder with a sizable BTR division (DHI Communities). Comparable build-to-rent single-family product, though at materially larger scale.
• American Homes 4 Rent: Public BTR REIT with ~59,000 single-family rental homes, focused on Sun Belt growth markets. Competes directly with Next Chapter for tenants in markets like Fort Wayne and the broader Southeast.
• Invitation Homes: Largest publicly traded single-family rental REIT (~80,000 homes). Operates BTR at scale across the same Sun Belt markets Next Chapter targets, with institutional capital advantages Next Chapter cannot match.
• Progress Residential: Privately held BTR operator backed by Pretium Partners with ~80,000+ homes. Directly comparable institutional-scale competitor in the single-family rental category.
• Amherst Holdings: Residential real estate platform with a sizable BTR portfolio. Comparable vertically-integrated developer-operator with capital markets expertise and national footprint.
• Tricon Residential: Single-family rental operator (acquired by Blackstone) managing ~38,000 homes. Comparable vertically-integrated BTR model with development, lease-up, and property management capabilities.

Emerging players

• Roofstock: Online marketplace and operator for single-family rental investing. Comparable in that it enables institutional and individual investors to access the BTR asset class, though Roofstock does not directly develop communities like Next Chapter.

Direct peers

• Vinebrook Homes: Single-family rental operator (~40,000 homes) focused on workforce housing in secondary and tertiary markets — highly comparable geographic and tenant strategy to Next Chapter's Fort Wayne/Cumberland/Ridgeland focus.

Market position

Strengths4 records

Weaknesses2 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/foxtail_commons

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Next Chapter Neighborhoods