TBBG Investments breaks ground on 132-unit BTR community Article originally posted on AZ Big Media on April 29, 2026 In Dec., TBBG Investments announced the groundbreaking of a 132-unit build-to-rent townhome community at 35th Avenue and Southern Avenue in South Phoenix, in partnership with Titan Development. TBBG acquired the 7.8-acre site for approximately $3.8 million more than two years ago with Titan, strategically positioning the project to deliver into a tightening supply environment. The community will feature two-story townhomes with attached garages and private outdoor spaces, designed to meet growing demand for housing that offers more space and privacy than traditional apartments at a cost below homeownership. “We acquired this site with conviction in Phoenix’s long-term growth and intentionally timed our development to deliver into a more favorable market,” said Andrew Biskind, Founder and Principal of TBBG Investments. “We continue to see strong demand for build-to-rent housing as supply moderates and affordability remains a challenge.” The project builds on TBBG’s partnership with Titan Development, a national real estate investment and development firm deploying capital through its discretionary investment fund platform. “TBBG identified this opportunity early and demonstrated strong conviction in both the location and timing,” said Josh Rogers, Partner at Titan Development. “We’re excited to continue growing our partnership and delivering a high-quality community in Phoenix.” Building on this momentum, TBBG Investments, in partnership with Canopy Real Estate Partners, acquired CJ Townhomes, a newly constructed 36-unit multifamily community in Mesa, in March. The property will be rebranded as The Sonoran Townhomes and is currently undergoing a management transition along with targeted capital improvements. Completed in 2024 and located at 3426 E. University Drive, the community features spacious three-bedroom townhomes with attached two-car garages and private yards. Community amenities include a pool and spa, dog park, fitness center, resident lounge, and outdoor gathering areas. The acquisition was driven by distress within the prior ownership’s capital structure. Despite achieving stable occupancy following an extended lease-up period, capital stack pressures created an opportunity to acquire the asset below replacement cost. The purchase price was $13.39 million. “TBBG is actively targeting opportunities like this—well-located assets where capital structure challenges and operational inefficiencies create compelling entry points,” said Andrew Biskind and Andrew Busching, founders of TBBG Investments. “We are comfortable underwriting complexity and executing hands-on strategies where local expertise and disciplined asset management can unlock value and drive strong, risk-adjusted returns.” TBBG, recently designated as Canopy’s Arizona-based multifamily acquisition “Market Partner,” sourced the opportunity and will oversee execution of the business plan and ongoing operations. This marks TBBG’s second transaction with Canopy in the past six months, following the April 2025 acquisition of Parkview Townhomes in Surprise, Arizona. In that transaction, TBBG acquired the vacant, newly constructed community through a lender-driven sale, completed a successful lease-up, and subsequently refinanced the asset. “The Sonoran is a high-quality, newly built asset in one of the strongest rental submarkets in the Phoenix metro area,” said Jay Rollins, co-founder of Canopy Real Estate Partners. “We continue to see opportunities to acquire assets at attractive pricing due to capital markets dislocation and limited equity availability in the middle market.”