Peakline Real Estate Funds Closes on Investment within Its Build to Rent Fund I with Acquisition of Charlotte, NC Site

The joint venture with Sterling Equities and EDEN Multifamily will develop a townhome rental community in Charlotte, North Carolina

CHICAGO, Sept. 3, 2025 /PRNewswire/ -- Peakline Real Estate Funds ("PREF"), a private real estate investment firm, today announced the closing of its first investment in its Peakline Real Estate BTR Fund I ("the Fund") with the acquisition of a 23-acre site for the development of EDEN Steele Creek, a build-to-rent townhouse community in the Steele Creek neighborhood of Charlotte, North Carolina.

Announced in April of 2025, the Fund is focused on addressing the housing supply-demand gap by investing in purpose-built detached single-family and townhome rental communities in select markets across the Southeast, Mountain West, and Midwest, that are developed in partnership with experienced local sponsors.

"The closing on EDEN Steele Creek is an exciting milestone that demonstrates how we are striving towards our commitment to create high-quality, purposefully built rental communities that serve a broader demand than traditional multifamily by focusing on townhomes and detached single-family homes, where demand far exceeds its supply," said Michael Miller, CEO of Peakline Real Estate Funds. "The launch of the BTR Fund I earlier this year marks a strong start towards delivering on our strategy to invest in the development of properties that address this differentiated rental housing demand and our commitment towards creating high value opportunities for investors."

PREF is partnering with Sterling Equities and EDEN Multifamily to build EDEN Steele Creek, which will feature 187 luxury for-rent townhomes that are set to include a mix of two-bedroom and three-bedroom units. Each residence will feature an attached garage, yard, and top-of-market unit finishes. The community will also offer an extensive amenity package, including a 5,000 square foot clubhouse with a pool, co-working space, fitness center, and additional lifestyle amenities such as a social center, dog parks, a pet spa and natural trails.

"The EDEN Steele Creek development underscores our disciplined and market-driven approach that guides our Fund's overall investment strategy within the Build-to-Rent asset class," said Jason Ross, Managing Director and Fund Manager at Peakline Real Estate Funds. "Our focus remains on developing well-located and thoughtfully designed rental communities that align with shifting demographic trends while generating durable, long-term value for our investors."

The project was also selected for the strength of the location in Steele Creek, a Charlotte submarket that combines urban and suburban living. With easy access to parks, green spaces and a variety of shopping and dining options, this geographic area is tailored to residents that are seeking convenience and lifestyle amenities.

Construction of EDEN Steele Creek is expected to begin in the fall of 2025, with projected full completion by mid-year 2027.

About Peakline Real Estate Funds
Peakline Real Estate Funds ("PREF") is a private real estate investment firm providing direct access to real estate opportunities across multiple property types, including rental housing, industrial, office, and retail properties. PREF currently has over $1.7 billion in equity invested across six funds and select individual investments, totaling $5 billion in gross value across 17 million square feet in more than 15 key growth markets in the US.

PREF is a part of Peakline Partners, an SEC-registered investment adviser and private investment firm that provides direct access to multi-faceted real estate opportunities.

For more information about PREF, please visit: Real Estate - Peakline Partners

About Sterling Equities
Sterling Equities is an investment firm with holdings in real estate, media and sports. Founded in 1973, Sterling is guided by the values of partnership and civic responsibility. Sterling's vertically integrated national real estate business encompasses direct ownership of a diverse portfolio including multifamily, industrial, self-storage, retail and office property, in addition to development, investment, lending, asset/property management, and construction management activities. Sterling's media and sports investments include SportsNet New York, a regional sports network and its minority ownership position in the New York Mets Baseball Club. For additional information about Sterling Equities, please visit the company's website at www.sterlingequities.com

About EDEN Multifamily
A joint venture formed by real estate industry veterans Jay Massirman and Jay Jacobson, EDEN Multifamily brings more than 70 years of experience and a rich history of identifying and developing successful residential projects. In 2022, EDEN Multifamily entered into a strategic partnership with Sterling Equities. Sterling is a New York-based real estate and media investment company that through the past 70 years has developed and invested in thousands of multifamily units, millions of square feet of commercial and industrial properties as well as sports teams and sports media.

EDEN seeks out multifamily development opportunities in neighborhoods that are underserved and overlooked, specializing in boutique infill projects. EDEN Multifamily is currently developing over 1,130 units throughout Central and South Florida. For more information, visit  www.edenmultifamily.com.

Disclosure

The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.

SOURCE Peakline Partners, LLC