Mill Creek Residential Trust to Develop SFR Community in Kissimmee on Behalf of PCCP
Posted on 04/22/2023
Mill Creek Residential Trust LLC is an investment manager, developer, builder, and owner-operator specializing in rental housing communities across the U.S. Mill Creek Residential announced plans to develop a single-family rental community on behalf of its separately managed account (SMA) with PCCP, LLC, a U.S.-based commercial real estate investment manager. The SMA recently acquired a 25-acre site along Freedom Road in Kissimmee, Florida and Mill Creek will soon commence the ground-up development of Amavi Kissimmee, a 187-home, Class-A townhome community. Amavi is Mill Creek’s single-family, build-to-rent brand, and the Kissimmee community’s product mix will include 159 three-bedroom front-loaded townhomes, 16 three-bedroom rear-loaded townhomes, and 12 three-bedroom duplex homes.
Mill Creek Residential was formed by former Trammell Crow Residential executives.
Bill MacDonald is a Founding Partner of Mill Creek Residential. Prior to joining Mill Creek, MacDonald served as Executive Managing Director of the Eastern United States for Trammell Crow Residential (TCR). During his tenure, his divisions developed more than 40,000 units with a total capitalization of over US$ 5 billion.
