Core Spaces Announces Growth in Build-to-Rent With 3,000 New Homes Operating, Under Development and in Pipeline

Leading Real Estate Developer Expands Oxenfree with nearly $1B of Construction in Progress

Core Spaces (“Core”), a vertically-integrated real estate developer, owner, and operator, is driving the expansion of Oxenfree, its flagship Build-to-Rent (BTR) brand. Core's portfolio now encompasses nearly 3,000 homes across rapidly growing markets, including Dallas-Fort Worth, Denver, Nashville, Charlotte, Austin, Raleigh, and Florida's Gulf Coast. Notable milestones include the completion of Oxenfree WeHo in Nashville's booming Wedgewood-Houston neighborhood, marking the brand's first fully delivered community; and Oxenfree Princeton near Dallas now offering move-in ready homes and completed amenities. Four additional communities in Dallas and Denver are slated for pre-leasing this year.

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Core's innovative approach to development, design, and property management distinguishes its purpose-built BTR communities in the Oxenfree portfolio. Rooted in new urbanist principles, these neighborhoods prioritize walkability, communal spaces, and seamless integration with the surrounding environment. The residences, ranging from spacious single-family homes to stylish townhomes, boast sophisticated interiors, premium finishes, cutting-edge smart home technology, and private garages, elevating the living experience. Meticulously planned green spaces and an array of high-end amenities, including resort-inspired pools, multi-functional fieldhouses, and state-of-the-art fitness facilities, foster a strong sense of belonging and community engagement.

"The housing landscape is changing, with supply challenges and shifting consumer needs," said Cliff Payne, Chief Investment Officer of BTR at Core Spaces. "We believe our design-build approach can continue to help meet these needs through Oxenfree. As the Build-to-Rent sector grows, we're focused on delivering quality living options and expanding our portfolio in a way that addresses the evolving housing market."

Situated in Nashville's vibrant Wedgewood-Houston neighborhood, Oxenfree WeHo offers 96 homes featuring three- and four-bedroom, multi-level townhomes, each equipped with a private garage. Residents enjoy thoughtful amenities, including a resort-style pool and an expansive outdoor entertaining space with a lush amenity lawn. Oxenfree Princeton has move-in ready homes and is slated for full delivery of its 408 homes and townhomes in late 2025. Residents now have access to a wide array of premium indoor and outdoor amenities, including a resort-style pool, a communal clubroom fieldhouse, a sport court, and a state-of-the-art fitness center.

Several additional Oxenfree communities are advancing in the development pipeline and are targeting pre-leasing for late summer 2025 including three locations in Dallas-Fort Worth: Oxenfree Rowlett offering 158 single-family homes townhomes, Oxenfree West Oak offering 323 homes, and Oxenfree Stonebriar offering 95 townhomes along with Oxenfree Clear Creek in Denver, CO offering 116 duplex-style homes. Oxenfree Parklin in Charlotte, N.C. and Oxenfree Commerce City in Denver, CO are scheduled for delivery in 2026, further expanding Core’s presence in key markets.

"At Core, our goal is to create lasting connections with our residents throughout their lives," noted Dan Goldberg, President at Core Spaces. "Building on our experience in student and conventional housing, we're now bringing our expertise in design and hospitality to the next chapter of their journey with Oxenfree. We see tremendous potential in single-family rentals to redefine the living experience and set a new benchmark for purpose-built communities that truly meet the evolving needs of our residents."

Core’s BTR portfolio draws on its established success in student housing. Its award-winning student portfolio consists of over 70 communities and over 49,000 beds across the country, with a pipeline of over 45,000 beds. With a winning track record in ground up development and property management, Core brings the same level of innovation, design, and hospitality to transform single-family, residential living.

For more information on Oxenfree, visit https://www.oxenfree.com.

About Core Spaces

Core Spaces (Core) is more than a real estate company; it’s a people company. Building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk-takers and dreamers on a mission to invent the future of living. Everything Core does stems from a culture of collaboration and innovation, with a drive to constantly improve the resident experience.

Founded in 2010, Core is a vertically integrated real estate investment manager focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (“BTR”) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven service. Core’s student housing portfolio includes over 49,000 beds currently owned or managed, with a pipeline of over 45,000 beds in various stages of development. Core’s BTR division has over 3,000 homes under development or in its pipeline in high-growth metros nationwide. For more information, visit www.corespaces.com.

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