NexMetro
LanCarte Commercial announced it has brokered the sale of approximately 31 acres at the northeast corner of Beach Street and East 1st Street in Fort Worth.
The property was acquired by NexMetro Communities, a leading build-to-rent developer specializing in luxury leased home neighborhoods.
The Fort Worth City Council unanimously approved NexMetro’s plans for an Avilla Homes residential community featuring roughly 315 single-level homes. The project will offer a mix of mostly detached, cottage-style residences arranged around landscaped courtyards, walking paths, and open green spaces.
“LanCarte Commercial is proud to have facilitated this important transaction that brings new housing options to a growing area of Fort Worth,” said Sarah LanCarte, founder and president of LanCarte Commercial, in a statement. “NexMetro’s investment in this corridor underscores the strong momentum we’re seeing in smart growth that strengthens existing neighborhoods and the city’s commitment to creating vibrant, livable communities.”
The build-to-rent model — or BTR — has quickly become one of the nation’s fastest-growing housing trends. These neighborhoods are designed for renters but offer the look and feel of traditional single-family living. Instead of apartment buildings, BTR communities feature detached or semi-detached homes with private yards, modern finishes, and shared amenities. The result is especially appealing to young professionals, small families, and downsizing homeowners who want a maintenance-free lifestyle without giving up space or comfort.
The Beach project is the second of two planned NexMetro projects.
Avilla Altamesa will bring a 151-unit build-to-rent neighborhood to the northwest corner of Altamesa Boulevard and Village Parkway in Fort Worth. Approved by city leaders in April 2025, the community will include 48 duplex or attached homes and 103 detached single-family units.