Peakline Real Estate Funds First Build-to-Rent Community in Naperville, Illinois
Partnership with Lincoln Property Company to Deliver 90 Luxury Townhomes in One of America’s Top-Ranked Cities
CHICAGO, Oct. 16, 2025 /PRNewswire/ — Peakline Real Estate Funds (“PREF”), a private real estate investment firm with $1.7B equity invested, today announced the closing of The Claire, a build-to-rent townhouse community in Naperville, Illinois. Developed in partnership with Lincoln Property Company (“Lincoln”), a global full-service real estate firm, this project marks the first build-to-rent development in Naperville.
The Claire marks the second strategic investment of PREF’s Build To Rent Fund I, exemplifying the Fund’s focus on purpose-built single-family and townhome rental communities in high-demand, supply-constrained markets. The project underscores PREF’s commitment to delivering thoughtfully designed rental housing that meets the needs of growing families and professionals, while expanding the firm’s presence in select suburban neighborhoods.
“Delivering The Claire, the first build-to-rent community in one of the nation’s most desirable suburbs, showcases Peakline’s strategy of delivering thoughtfully designed differentiated rental housing in high-barrier, supply-constrained markets—expanding access to quality housing while driving durable, long-term value for our investors,” said Jason Ross, Managing Director of Investments at Peakline Real Estate Funds.
The Claire was selected for development due to its prime location with easy access to downtown Naperville, major transportation routes, and the broader Chicago market, combined with strong local demographics, top-tier schools, and limited rental supply in a high-demand, high-barrier-to-entry community. The build-to-rent community will consist of 90 for-rent, two- and three-story townhomes, each featuring a two-car attached garage, top-of-the-market finishes, and access to a robust amenity package.
“Lincoln Property Company is proud to partner with Peakline Real Estate Funds to bring The Claire to life,” said Peter Kelly, Executive Vice President at Lincoln Property Company. “Naperville continues to attract residents seeking high-quality and well-designed rental housing. This development exemplifies our commitment to delivering thoughtfully crafted, long-term multifamily solutions that meet the evolving needs of today’s households while creating value for our investment partners.”
Construction of The Claire is expected to begin in Q4 2025, with the first units ready for occupancy in Q2 2026. The Claire will be professionally managed by RPM Living.
