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Capital Square has acquired Valley Ridge, a built-to-rent development consisting of 129 single-family houses. The community, developed by homebuilding giant D.R. Horton, is located at 10 Draught St. in the Chattanooga, Tenn., suburb of Rossville, Ga.

The BTR housing project, completed in 2023, is currently 89 percent occupied, according to Yardi Matrix data. Most of the units are townhouses, offering three-, four- and five-bedroom floor plans. Residences range from 1,749 to 2,362 square feet.