Kensley Place - BTR Foward Sale
For sale7177 Icon Loop, Lantana, FL 33462
Property type
Multifamily
Unit / Space count
40
Price
TBD by Market Pricing
Building size
60,140 sf
Rentable area
60,140 SF
Year built
Year renovated
Occupancy
Stories
2
Zoning code
Bedroom count
Property description
Franklin Street, as exclusive advisor, is pleased to present the opportunity to forward purchase Kensley Place (the “Property”), a to-be-developed, Class A build-to-rent (BTR) townhome community located in Lantana, FL (Palm Beach County). Developed by America’s leading homebuilder, D.R. Horton, Kensley Place will consist of 40 two-story, concrete-constructed, three- and four-bedroom townhomes of 1,382 to 1,582 square feet (1,504 SF average). The Property is centrally located in Palm Beach County, situated between I-95 (250K VPD) and Florida’s Turnpike (85K VPD), allowing future residents convenient access to key employment centers (500K+ jobs) in under 30 minutes, such as West Palm Beach (20 min.), Boynton Beach / Delray Beach (10-15 min.), and Boca Raton (20 min.). As a forward sale, investors are presented with the opportunity to acquire a new asset in one of the strongest growth markets in the U.S. It is anticipated that the closing of the transaction will take place in several phases as buildings are delivered. Closing will be subject to each building being completed per plans and specifications and to receipt of the required certificates of occupancy.
Property highlights
- Developed by D.R. Horton, America's leading homebuilder by volume since 2002
- Two-story, concrete-construction townhomes situated on ±5-acres, centrally located between West Palm Beach and Delray Beach
- 3- & 4-bedroom floor plans averaging 1,504 SF with first deliveries expected Q2 2027
- Pro forma rents sit 49% below monthly homeownership costs at Palm Beach County's $565K median home value
- PBC rents +2.5% YoY vs. 0.2% nationally; 95.2% occupancy; 12-month absorption outpaced new deliveries by 2.6x (Yardi Matrix, Jul-26)
- Kensley Place is situated between I-95 (250K VPD) and Florida’s Turnpike (85K VPD), allowing easy access to 500K+ jobs within 30 min, such as Boynton / Delray (10-15 min.), Downtown West Palm Beach (20 min.) & Boca Raton (20 min.)
- 3 mi. to 516-bed HCA Florida JFK Hospital (Healthgrades America's 250 Best, 2026); zoned for A-rated public schools, including Hidden Oaks K-8 & Tradewinds Middle
- Publix, Walmart Supercenter & ALDI are all located within a 5 min. drive via Hypoluxo Rd. & Military Trl
- No. 1 county in the nation for net income migration – household incomes up $39B since 2020
- Billions in new investment are underway: Related Ross' 10 & 15 CityPlace, Cleveland Clinic's $500M hospital, Vanderbilt's $520M+ campus