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Single-story homes at The Bungalows on Sarival
Now raising: Omaha and Kansas City

Invest in what we build next.

Build-to-Rent (BTR) is an alternative real estate asset class: new homes built specifically to rent. Cavan has 25 Bungalows communities completed or under construction, eight already sold. Now we’re inviting you to invest in Build-to-Rent with us and help build the next ones.

View Current Offerings Talk with our team →

Cavan’s current offerings are made under Rule 506(c) of Regulation D only to accredited investors whose status Cavan has verified. Information on this page is a summary only and is not an offer to sell or a solicitation of an offer to buy securities. Any investment will be made only through the offering’s confidential private placement memorandum and related documents, which describe the risks, fees and terms. The minimum investment is $200,000 for individuals and $1,000,000 for entities. Real estate investments are speculative and illiquid, and you could lose your entire investment.

Current offerings.

Each offering is tied to a specific community and its own investment entity.

A single-story Bungalows home, shown for reference
The Bungalows on Bowlin (Arizona), shown for reference
Open offering

The Bungalows at Prairie Hills

Location
Papillion, Nebraska (Omaha Metro)
Homes
154 single-story homes
Stage
Horizontal construction under way (site and utility work)
Minimum investment
$200,000 for individuals; $1,000,000 for entities

Why this site

  • At Highway 370 and S 114th Street in Papillion, near Shadow Lake Towne Center and Papillion La Vista South High School
  • Close to major employers, including Google, Meta and the region’s industrial base

Offered under Rule 506(c) to verified accredited investors only. Offering made only through confidential offering documents.

Talk with our team
Bungalows homes, shown for reference
The Bungalows on Cotton Lane (Arizona), shown for reference
Open offering

The Bungalows at Maple Woods

Location
Kansas City Northland, Missouri
Homes
153 single-story homes
Stage
Horizontal construction under way (site and utility work)
Minimum investment
$200,000 for individuals; $1,000,000 for entities

Why this site

  • At Highway 152 and NE Barry Road, near schools and established retail
  • Near the Maple Woods Community College campus

Offered under Rule 506(c) to verified accredited investors only. Offering made only through confidential offering documents.

Talk with our team

What happens next.

Explore the offerings

Start with the community that interests you.

Talk with our team

Our team answers your questions and walks you through next steps.

Verify accreditation

Offerings are open only to verified accredited investors. We walk you through verification.

Review and invest

Once you are verified, we provide the offering documents for your review.

Why Omaha and Kansas City.

We evaluate each market on the economics of building and leasing new homes: land cost, achievable rents, competing supply and local demand.

Prairie Hills and Maple Woods reflect that approach. Each offers an opportunity to bring The Bungalows to a different local market, supported by project-specific underwriting.

Land priced to the rents

We decide what we can pay for a site based on the rents it can support and the cost to build, not the other way around.

Competing supply, site by site

We look at the new rentals competing for the same residents in each submarket before we commit to a site.

Local demand

Both sites are close to employers, schools and services that support rental demand.

Another choice for renters

Detached, single-story homes with private yards and no shared walls give renters an option between an apartment and buying a house.

Land and entitlement come first.

Cavan acquires the land and completes entitlements before investor capital is used. Investor capital comes in at the start of construction, once the site is approved, the plans are set and the builder is under contract. The senior construction loan typically closes at the same time, so construction financing is in place when building begins.

Our capital in every project.

Cavan principals and employees invest in every project, alongside our investors. Any investment by Cavan or its affiliates is made on the terms described in each offering’s documents.

A defined distribution priority.

Under the offering documents, investors receive a preferred return and a return of capital before Cavan participates in profits, subject to available proceeds.

Third-party construction oversight.

Rider Levett Bucknall, a global construction consulting firm, provides third-party oversight on our current projects. It reviews budgets, plans and contracts before construction starts, reviews pay applications and change orders, inspects each site monthly, and reports on cost, schedule and quality through completion.

A plan to sell.

Across past Bungalows communities, the time from construction start to sale has ranged from 36 to 76 months. Our offerings are long-term, illiquid investments, and each offering’s documents describe its expected hold period. Investors receive monthly and quarterly updates along the way.

Built, leased and sold.

Cavan has been developing real estate for more than 50 years, from master-planned communities to commercial projects. Since 2019, we’ve taken eight Bungalows communities from raw land to a completed sale.

Prairie Hills and Maple Woods apply that same development experience to new markets.

Clubhouse at The Bungalows on Camelback in Phoenix, Arizona
The Bungalows on Camelback, sold 2026

$505.1M

In completed sales across eight Bungalows communities since 2019, led by The Bungalows on Camelback at $112.5 million in 2026, the largest single-asset Build-to-Rent sale in Phoenix metro history, according to Yardi Matrix data reported by Multi-Housing News (July 2026).

Sale prices are property transaction values, not investor returns.

See all eight sales →

Talk with our team.

Interested in investing with Cavan? Tell us a little about yourself and a designated member of our team will follow up. Cavan’s offerings are available only to accredited investors, and we verify accredited status before accepting any investment.

Prefer to call?(480) 627-7000 Already investing with Cavan?Contact our team→

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Cavan Companies’ offerings are made under Rule 506(c) of Regulation D and are available only to verified accredited investors. Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security. Any offer is made only through the offering documents. Investments involve risk, including possible loss of capital and illiquidity. Past performance does not guarantee future results. Market observations reflect Cavan’s analysis and are not guarantees of future conditions. This site is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply.

Contact Cavan Companies

Interested in investing with Cavan? Tell us a little about yourself and a designated member of our team will follow up. Cavan’s offerings are available only to accredited investors, and we verify accredited status before accepting any investment.

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Nothing on this website is an offer to sell or a solicitation of an offer to buy any security. Offerings are made only through confidential offering documents, under Rule 506(c), to verified accredited investors. Past performance does not guarantee future results. This website contains forward-looking statements that involve risks and uncertainties; actual results may differ materially. See our Terms of Use and Privacy Policy.

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