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Marcus & Millichap Capital Corporation Arranges $53 Million Build-to-Rent Refinance in Northwest Arkansas

  • Marcus & Millichap Capital Corporation arranged $53 million in refinancing for The Grove, a build-to-rent multifamily property in Rogers, Arkansas.
  • John Brickson represented a joint venture between Brittenum Group & Realty Capital Partners in securing three-year, nonrecourse financing.
  • The refinancing repaid the construction loan ahead of maturity to allow time for rent roll seasoning & preparation for a future sale.
  • The Grove is a 235-unit Class A community built in 2024 with 94.5% occupancy & a median resident household income of nearly $100,000.
  • The property features 123 detached two-story cottages & 112 attached townhomes, with amenities including a resort-style pool, fitness center, golf simulator, & pickleball court.
  • MMCC, a subsidiary of Marcus & Millichap (NYSE: MMI), closed 1,659 transactions totaling $11.9 billion in 2025.
  • The Brittenum Group is a privately held developer led by CEO Jon Brittenum Jr, with a strong presence across Northwest Arkansas.
  • Marcus & Millichap, Inc. closed 8,818 transactions with a sales volume of $50.8 billion in 2025 & employed 1,808 professionals in over 80 offices.