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Capital Square has raised $43 million in equity from investors in a private placement, enough to get started on a 320-unit build-to-rent community in Glendale, Arizona. Capital Square has partnered with Sunstone Two Tree as co-developer of the project, which will become Ironwood Homes at The Rosefield upon completion.

Located at the southeast corner of Northern Parkway and N. Sarival Avenue, Ironwood Homes at The Rosefield will include 102 detached single-family homes, averaging 1,655 square feet, and 218 townhomes, averaging 1,257 square feet. Each home’s design features two stories, direct garage access and a private yard. Community amenities will include a pool, spa, fitness center, parks, BBQs, gated entry, and sports courts.