Peakline Real Estate Funds and Lincoln Property Company Break Ground on The Claire, Naperville’s First Build-to-Rent Townhome Community

Peakline Real Estate Funds (“PREF”), in partnership with Lincoln Property Company (“Lincoln”), celebrated the official groundbreaking of The Claire, a 90-unit build-to-rent townhome community in Naperville, Illinois. The event marks a major milestone for what will become Naperville’s first build-to-rent development and one of the most thoughtfully designed rental communities in the western Chicago suburbs.

Scott Wehrli, Mayor of Naperville, along with City Council members, local government officials, project partners, and representatives from Peakline and Lincoln, gathered on-site to commemorate the start of construction.

Located minutes from downtown Naperville, The Claire will offer 34 two-story townhomes and 56 three-story rowhomes for rent featuring attached two-car garages, premium interior finishes, open-concept floorplans, private outdoor space, and access to a curated suite of resident amenities. The 8+ acre development is strategically positioned near top-ranked schools, major employment centers, and regional transportation routes, offering an elevated suburban rental experience tailored to families and professionals.

“Delivering The Claire, the first build-to-rent community in one of the nation’s most desirable suburbs, showcases Peakline’s strategy of delivering  high-quality differentiated rental housing which serves a broader demand than traditional multifamily by focusing on townhomes and detached single-family homes in high-barrier, supply-constrained markets” said Jason Ross, Managing Director of Investments at Peakline Real Estate Funds.

The Claire is the second investment within PREF’s Build To Rent Fund I, advancing the Fund’s strategy of developing and acquiring dedicated single-family and townhome rental communities in markets with strong demographics, limited rental supply, and durable long-term demand.

“In partnership with Peakline, Lincoln is excited to bring The Claire to the City of Naperville,” said Bryan Farquhar, Senior Vice President at Lincoln Property Company. “Naperville is a vibrant, extraordinary market with high demand for well-designed, professionally managed luxury rental housing. Today’s groundbreaking is a testament to the collective vision of our partners, the City of Naperville, and the broader community. We look forward to delivering a best-in-class neighborhood that residents will be proud to call home.”

Construction officially commenced following today’s ceremony, with first residential deliveries targeted for Q2 2026. The project is supported by a highly experienced team of partners, including FNBO, providing construction financing; Kinzie Builders as general contractor BSB serving as both design architect and landscape architect; and V3 Companies leading civil engineering efforts. Interior design is being crafted by Eleni Designers, while RPM Living will oversee leasing and property management for the community.

“Kinzie feels privileged to be working with Lincoln Property Company, Peakline Real Estate Funds and our partners to bring this project to the community,” said Steve Spinell, Principal at Kinzie.

For leasing updates and community information, visit www.theclairetownhomes.com.

About Peakline Real Estate Funds

Peakline Real Estate Funds (“PREF”) is a private real estate investment firm providing direct access to opportunities across rental housing, industrial, office, and retail properties. PREF currently has over $1.7 billion in equity invested across six funds and select individual investments, totaling $5 billion in gross value across 17 million square feet in more than 15 key growth markets in the U.S. PREF is part of Peakline Partners, an SEC-registered investment adviser and private investment firm. For more information, visit www.peakline.com.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients