May 2026
First phase complete, lease-up begins
The first phase of build-to-rent townhomes is complete and moving into lease-up. Later phases are entitled.
BTR
Emma at Arabella Village Phase 1 is 66 build-to-rent townhomes in Tanner, Alabama. The first phase is complete and moving into lease-up, and later phases are entitled.
Market
Tanner, Alabama
Status
CURRENT
Related fund
Real Estate Fund
Latest update
May 2026
Project role
Townhomes · current
66
Timeline
Next
Lease-up, with permits filed for 18 more units.
May 2026
The first phase of build-to-rent townhomes is complete and moving into lease-up. Later phases are entitled.
Oct. 2025
Vertical construction began in Oct. 2025.
Update archive
May 2026
The first phase of build-to-rent townhomes is complete and moving into lease-up. Later phases are entitled.
Related fund
Arabella Real Estate Fund
Income now and growth over time across complementary real-estate strategies.
Review the funds and discuss your goals with Investor Relations.