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Socha Cos. has celebrated the grand opening of Saddle Rock, a 64-unit built-to-rent townhouse community in Manchester, N.H. More than a third of the homes are already leased, with the others are slated to receive residents in the summer of 2025.

Socha broke ground on Saddle Rock last year. The developer financed the project’s construction with a $16 million loan issued by Bangor Savings Bank in 2022, according to Yardi Matrix information.