Material Capital Partners and Bluerock Secure $78M for 188 Unit Kansas Build to Rent Community

Material Capital Partners and Bluerock land $77.8M in Bank OZK financing for a 188 unit build to rent community in Shawnee, KS, slated for a 2026 debut.

By: AXL Media

Published: Mar 12, 2026, 5:11 AM EDT

Source: https://www.multihousingnews.com/

A Multi Year Development Timeline and Financial Architecture

The construction of Harmony at Clear Creek is being managed by Winchester Commercial Group, with a phased delivery schedule that spans several years. The first residences are expected to be available for occupancy by October 2026, while the entire 40 acre site is projected to reach full completion by February 2028. The $77.8 million financing from Bank OZK underscores continued lender confidence in purpose built rental products, particularly in high growth suburban submarkets where the "renter by choice" demographic is expanding.

Residential Specifications and Suburban Living Features

Harmony at Clear Creek is designed to mimic the traditional homeownership experience while offering the flexibility of a lease. The 188 homes will feature three and four bedroom configurations, with floor plans ranging from 1,600 to 2,400 square feet. Standard architectural inclusions feature two car garages, private patios, mudrooms, and fully fenced backyards. These specifications are tailored to families who require more space than urban apartments can provide but remain sidelined from the for sale market due to prevailing economic conditions in 2026.

Comprehensive Amenity Suite and Infrastructure

To distinguish the community from standard rental tracts, Material Capital Partners is integrating a high end amenity package typical of luxury multifamily assets. Planned facilities include a central clubhouse, a modern fitness center, and a resort style swimming pool. Recognizing the high rate of pet ownership among BTR tenants, the developers are also installing a dedicated dog park and a professional pet spa. Extensive walking trails will wind through the 40 acre property, connecting the residential blocks to the communal recreation zones.