P
eakline Real Estate Funds (PREF) and Lincoln Property Company have announced the completion of The Claire, a 90‑unit build‑to‑rent townhouse community in Naperville, Illinois. This marks the first such development in the city and the second investment of PREF’s Build‑to‑Rent Fund I, which targets purpose‑built single‑family and townhome rentals in high‑demand, supply‑constrained markets.

    The Claire’s location—just minutes from downtown Naperville, major highways, and the Chicago market—offers residents easy access to employment, top‑rated schools, and a limited rental supply that fuels demand. The complex will feature two‑ and three‑story townhomes, each with a two‑car attached garage, premium finishes, and a full amenity package.

    “Delivering The Claire demonstrates Peakline’s strategy of creating differentiated, high‑quality rental housing in markets with high barriers to entry,” said Jason Ross, Managing Director of Investments at Peakline. “It expands access to quality homes while generating durable value for investors.”

    Peter Kelly, Executive Vice President at Lincoln, added, “Naperville continues to attract residents seeking well‑designed rental options. This project reflects our commitment to long‑term multifamily solutions that meet evolving household needs and create value for partners.”

    Construction began in Q4 2025, with the first units available for occupancy in Q2 2026. The community will be professionally managed by RPM Living.

    PREF, a private real‑estate investment firm, currently holds over $1.7 billion in equity across six funds and individual holdings, totaling $5 billion in gross value and 17 million square feet in more than 15 U.S. growth markets. Lincoln Property Company, one of the nation’s largest private real‑estate firms, offers a full spectrum of services across office, multifamily, industrial, retail, and other asset classes, managing more than 680 million square feet worldwide.

    For more information, visit https://peakline.com/ and www.lpc.com.