Development of a growing build-for-rent community in Buckeye is expected to continue now that the project has secured backing.
The national real estate firm Capital Square of Glen Allen, Virginia has announced its support of the building of some 238 build-to-rent single-family homes on a 20-acre site located near N. Jackrabbit Trail and W. Blue Horizons Parkway.
The project will include just under 90 detached villas with three and four bedrooms, as well as 150 townhomes, ranging in size from one to two bedrooms.
Additional community features for what is being called the Capital Square Blue Horizons project are expected to include a clubhouse, swimming pool, spa, fitness center, pocket parks, and a playground.
In a statement, Louis Rogers, chief executive officer of Capital Square, noted that the project will be done in conjunction with the Westlake Village, California-based Sunstone Two Tree, marrying that company’s “proven ability to bring these communities to life, and our track record of executing tax-efficient real estate strategies for investors.”
The build-for-rent market has significantly increased in recent years, according to statistics compiled by the National Association of Realtors earlier this year. Representing just 3% of the national real estate market in 2021, it now accounts for 13% of all new residential construction nationally.
In a report published in August, the Arizona Capitol Times said the metro Phoenix area, which includes Buckeye, is now the top market in the country with more than 20,000 build-for-rent homes so far completed.
November 25, 2025
By Garry Boulard
Blue Horizons photo courtesy of Capital Square
