Visit Doc CenterA To-Be-Developed, 76-Unit, Build-To-Rent Single-Family Community by America’s Largest Homebuilder,
D.R. Horton
3138 OOLTEWAH RINGGOLD RD.,
OOLTEWAH, TN 37363 | Chattanooga MSA
Additional Offerings:
Quick Stats
Executive Summary
Berkadia is pleased to exclusively present the forward purchase opportunity of Brookstone Manor, a to-be-developed, build-to-rent (BTR) single-family home community located in Ooltewah, TN in the Chattanooga MSA. The Property will be developed by America’s largest homebuilder, D.R. Horton, with first deliveries expected in July 2026, and will consist of 76 two-story single-family homes featuring spacious 3-, 4-, and 5-bedroom floorplans averaging 1,912 square feet. All homes will feature attached two-car garages, top-of-market interior finishes, smart home technology packages, and front and backyards.
As a forward sale, investors are presented with the opportunity to acquire this highly differentiated asset at a discount to stabilized value. It is anticipated that the closing of the transaction will take place in several phases as homes are delivered. Closing will be subject to each unit being completed per plans and specs, and receipt of required certificates of occupancy.
Investment Highlights
EXCLUSIVE SINGLE-FAMILY BTR
- Exclusive forward purchase opportunity by America’s largest homebuilder, D.R. Horton
- First starts in March 2026 and first deliveries in July 2026.
PREMIER CLASS A+ COMMUNITY WITH BEST-IN-CLASS FINISHES
- 3-, 4-, and 5-bedroom single-family homes with two-car garages and driveways for every unit
- Interior finishes include stainless steel appliances, granite countertops, hardwood-style flooring, walk-in closets, and smart home technology
SUPERB AREA DEMOGRAPHICS
- 35,300+ residents and 34,400+ jobs added in Hamilton County over the last decade
- Average household income of $137K and average home value of $479K within three miles
EXCEPTIONAL CONNECTIVITY
- Proximity to major thoroughfares provides direct access to downtown Chattanooga and premier economic hubs throughout the region
- 150,000+ jobs within a 35-minute drive-time
- 5M+ SF of premier retail located within a 10-minute drive-time
STRONG SUBMARKET FUNDAMENTALS
- Effective rent growth of 32% over the last five years and 16% effective rent growth projected over the next five years
- 96% average occupancy over the last five years with projected occupancy of 95% over the next five years
Market
Chattanooga, known as “Gig City,” benefits from a diverse mix of industry and services, a history of sustainable population growth, and reasonable tax rates that combine to help the regional economy maintain a healthy balance. The city continues to attract a highly skilled workforce due to the combination of robust fiber optic internet speeds and the most resilient smart grid in the nation, helping multiple tech companies establish their headquarters here. Chattanooga is home to a prolific job network including top employers such as Volkswagen, Blue Cross Blue Shield, and Erlanger Health System. Local lifestyle attractions such as the Tennessee Aquarium, riverfront parks, Rock City Gardens, Bluff View Art District, and Lookout Mountain continue to drive the region’s growth. With thriving residential communities, growing businesses, and numerous recreational activities, Chattanooga offers a high-quality way of life.
Market By the Numbers (Hamilton County)
$104,000
Average Household Income
$448,000
AVERAGE HOME Value
14.2%
population growth since 2010
14.7%
Household Formation Growth since 2010
34,400+
Jobs Added Since 2014
35,200+
Residents Added Since 2014
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REPRESENTATIVE PHOTOS
Contact Us
Atlanta Office
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
INVESTMENT ADVISORS
Russ Hardy
Managing Director
404.422.0499
[email protected]
TN, DRE #349565
Andrew Mays
Senior Managing Director
404.445.1067
[email protected]
FINANCING
John Bray
Senior Managing Director
404.654.2595
[email protected]
Richard Levine
Senior Managing Director
404.654.2590
[email protected]
Josh Finley
Managing Director
404.654.2594
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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