Northmarq arranges $41.25M sale, $24.75M financing of Yardly Monroe build-to-rent community in Monroe, NC

MONROE, N.C. — Northmarq’s Multifamily Investment Sales team led by Trevor Koskovich, John Currin, Jesse Hudson and Austin Jackson, in collaboration with its Debt + Equity team led by Faron Thompson and Grant Harris, successfully arranged the sale and acquisition financing of Yardly Monroe, a 151-unit build-to-rent (BTR) community located at 3380 Taylor Morrison Way in Monroe, North Carolina.

Northmarq, an industry leader in full-service BTR advisory and solutions, led the $41.25 million sale representing the seller, a joint venture between developer Taylor Morrison and equity provider Värde Partners.

“Northmarq was proud to represent Taylor Morrison in the sale of Yardly Monroe as part of our National Build-to-Rent partnership,” said Koskovich, President at Northmarq. “Build-to-rent is still a relatively new asset class in the Charlotte market, and this transaction highlights the growing investor appetite for high-quality BTR communities. The buyer recognized the unique opportunity to acquire a purpose-built BTR asset in a top-performing market like Charlotte, particularly as new supply is expected to decline. At the same time, Taylor Morrison is strategically positioning its growing Yardly community portfolio to align with long-term renter demand, making this a compelling outcome for all parties involved.”

“Yardly Monroe was the first cottage project to go to market in North Carolina and the collaborative effort of our National BTR Platform made the marketing campaign a success,” Currin said. “Investors acknowledged the strength of Yardly’s operational performance, affirming that this type of rental product is here to stay in the Carolinas.”

“Yardly Monroe represents our initial foray into the Charlotte market with another 1,500+ additional metro area BTR homesites in some form of planning and development,” said Darin Rowe, President of Taylor Morrison’s Yardly for-rent brand.  “Completing the construction and lease-up of Yardly Monroe offers a tangible demonstration of best-in-class execution. Cities, consumers and exit buyers appreciate this new and diverse rental housing option in Charlotte and elsewhere that helps solve our national need for housing through a thoughtful blend of function and form.”

Northmarq arranged the $24.75 million permanent-fixed financing on behalf of the borrower, FCP, through its relationship with Freddie Mac. The interest-only transaction was structured on a five-year term, with a 35-year amortization schedule.

“Debt capital markets continue expanding in the BTR space to support this rapidly growing asset class,” Harris said. “The Agencies, in particular, are aggressively pursuing these opportunities when strong sponsorship and high quality properties align — both key factors in this transaction.”

Newly-built and sitting on roughly 24.89 acres, Yardly Monroe features one- and two-bedroom homes near Charlotte. Each home features a private backyard with doggie door access, full-sized washer and dryer, stainless steel appliances, high-speed internet, smart thermostat, doorbell camera, 10-foot ceilings, single-level living, large pantry, walk-in closet, luxury vinyl plank flooring and an eat-in island.

Community amenities include a pool, dog park, door-to-door package exchange, gated community, fitness studio and available detached garages.

Yardly Monroe is conveniently located along U.S. Hwy 74, just 4.5 miles from downtown Monroe and 21 miles from Uptown Charlotte. Residents enjoy nearby restaurants, fitness and recreation, grocery and entertainment options.

About Taylor Morrison
Taylor Morrison Home Corporation (NYSE: TMHC) is one of the nation's largest home builders, based in Scottsdale, Arizona. With a rich history spanning 100 years, Taylor Morrison is rooted in the relationships they establish with both home buyers and renters and the thoughtfulness of the communities they create — one that has earned them the coveted distinction of America’s Most Trusted™ Home Builder for 11 years running (January 2026). Find out  more at TaylorMorrison.com and LiveatYardly.com.