Blue Vista Acquires Florida BTR Development

Exterior rendering of Keys at Wildwood. Image courtesy of Blue Vista Capital Partners

Blue Vista Capital Management has acquired the Keys at Wildwood, a 190-unit built-to-rent development situated in Oxford, Fla. It is the company’s sixth BTR project in the last three years.

According to Villages-News.com, BDG SP of Sumter LLC was the project’s developer in November 2020 when the plan amendment and rezoning for The Keys at Wildwood was approved.

Currently under construction, the Keys at Wildwood will feature three-bedroom, two-bathroom layouts. Each duplex, single-story home will include a washer and dryer, private patio and parking spot, as well as kitchen, dining and living spaces.

Located on some 19 acres, the cottage-style units are adjacent to The Villages, the U.S.’ largest 55-plus for-sale community. More than 139,000 people reside at The Villages alongside the master planned project’s grocery stores, dining, shopping and entertainment options. It features more than 1.1 million square feet of retail space, a University of Florida-affiliated hospital and medical center and a school.

Belleair Development and Mize & Sefair Development are constructing the Keys at Wildwood.

Blue Vista’s BTR footprint

Another one of Blue Vista’s BTR projects, Villas Goodyear, recently secured a $33.8 million construction loan. Upon completion, the Goodyear, Ariz., project will feature 151 units developed on 13.5 acres.

Late last year the company also landed $30 million in construction financing for Villas Litchfield Park, a 153-unit Phoenix BTR project. It will span 13 acres and feature gardens and a pool, spa and fitness center.