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A joint venture led by Porter Kyle will break ground on The Wayne, a 100-unit single-family rental project in Chandler, Ariz., this month. Northmarq arranged the financing agreement for the project.

Brandon Harrington, managing director at Northmarq, told Multi-Housing News that First Bank provided construction financing for the development. Porter Kyle’s venture partner is a Southern California-based investment firm, which provided equity, he added.