Dallas, TX, July 2023 – Red River Development (“RRD”), in conjunction with Leo Brown Group (“LBG”), has broken ground on a 25-acre
multifamily development site in Whitestown, IN.
The JV has commenced construction on Trulo Homes at Whitestown, a 202-unit single family build-to-rent (‘horizontal apartment’)
community (the “Project”). The Project, once developed, will be comprised entirely of market-rate units across a mix of one-, two-, and
three-bedroom detached apartment homes. The units will each feature private enclosed back yards, class-A interior finishes, and 9’6”
ceilings throughout. The Project’s amenity set will include a state-of-the-art clubhouse, modern fitness center and resort-style pool.
The Project is strategically located in the heart of Whitestown, an affluent community north of Indianapolis, which boasts one of the
highest-rated school systems in the state of Indiana. The Project has direct access to Downtown Indianapolis (±20 miles) via I-65, and
Downtown Whitestown via South Main St (±2 miles).
About Red River Development
Red River Development is a vertically integrated real estate development company with a focus on developing and operating Class-A
build-to-rent (“BTR”) residential communities under their Trulo Homes brand. RRD is focused on expanding their footprint in the BTR
space throughout the Southern and Midwest U.S. Trulo Homes at Whitestown is their 5th BTR community, with two developments
currently in lease-up and two more set to deliver in late 2023 and early 2024. RRD is headquartered in Dallas, TX with a second office
in Tulsa, OK.
About Leo Brown Group
Leo Brown Group is a full-service real estate development company, primarily focused on the housing, senior living, and healthcare
industries. The team has tremendous experience achieving the optimal balance of capability, cost control and capitalization for each
of our projects. Founded in 2006 and headquartered in Indianapolis, IN, their leadership team has over 100 years of experience in
development and construction and has developed over 4 million square feet of healthcare real estate.
