Haven Realty Capital of Los Angeles has closed on the first phase of a $28.6 million purchase of the Hartman Hill build-to-rent homes in Red Bank.
The group is set to close on the remaining homes in phases over the next seven months, officials said.
Construction started last October at the new subdivision of 71 homes on 26 acres.
RISE Partners earlier took over the project that was started by Green Tech.
The development is located between Holiday Lane and the state motor vehicle center.
Amenities include a sports court, bark park and pet washing station.
Landscaping is provided by the owners.
The property will offer three- and four-bedroom homes ranging in size from 1,538 to 2,515 square feet.