Buckingham & Onyx+East Launch Build-to-Rent Community

INDIANAPOLIS (February 18, 2025) The joint venture between Buckingham, a national vertically integrated real estate investment company, and Onyx+East, a full-service homebuilder, has broken ground on the first build-to-rent (BTR) community in Brownsburg, Indiana. The new development, part of Buckingham’s Mural Collection, will feature 165 maintenance-free single-family homes available for rent at Mural Brownsburg.

Phase I of Mural Brownsburg’s development is underway at the intersection of US 136 and Northfield Drive. The 3- and 4-bedroom homes will range from 1,572 to 2,086 square feet and include 2-3.5 bathrooms and private outdoor spaces. Renters can expect to see the stylish, well-designed homes Onyx+East is known for, bringing an urban experience to suburban living in the heart of Brownsburg. Under Buckingham’s property management, all Mural Brownsburg home and yard maintenance is included, and residents can enjoy walking paths, a neighborhood clubhouse and pool.

“The burgeoning build-to-rent space represents a perfect blend between the convenience of rental living and single-family home ownership,” said Buckingham Senior Vice President of Investments Justin Brown. “We are thrilled to bring our 40+ years of investment strength and expertise into this growing real estate sector with Onyx+East, offering a new purpose-built single-family rental product nationwide.”

Mural Brownsburg will be ideal for residents who want the space and privacy of single-family living without the high cost, commitment and maintenance of home ownership.

“Buckingham has a decades-long track record of performance. We are elated to partner with them on this community,” said Jake Dietrich, Vice President of Acquisitions and Development for Onyx+East. “At a time when single-family homes are in short supply, we are building 165 new homes right here in our backyard with a trusted multifamily real estate firm.”

Mural Brownsburg marks the first build-to-rent venture for both Onyx+East and Buckingham. Onyx+East’s expertise in for-sale single-family and townhome construction and Buckingham’s extensive multifamily investment and management experience are uniquely suited and a strong combination for the build-to-rent sector.

The first Mural Brownsburg units will be available for rent beginning in October 2025 with the leasing center and a model home available to tour starting in late fall. To stay updated on Mural Brownsburg’s development, please visit www.MuralBrownsburg.com. To learn more about Buckingham and Onyx+East, visit www.buckingham.com and www.onyxandeast.com.

About Buckingham Companies

Founded in 1984, Buckingham Companies is a fully integrated real estate investment firm specializing in the development, acquisition, management and construction of multifamily, mixed-use, commercial and hospitality projects across the United States. Buckingham has managed over $4 billion of real estate assets comprising over 125 properties, more than 28 million square feet, and over 25,000 rental units nationwide. The Indianapolis-based company has nearly 400 employees. Additionally, the affiliated Buckingham Foundation annually supports more than 50 nonprofit and civic organizations through philanthropic outreach in the areas of affordable housing, community and economic development, and arts and culture. For more information, visit www.buckingham.com.

About Onyx+East

Onyx+East is a full-service homebuilder executing development, construction, marketing, design and sales with four offices across the Midwest and Florida. Founded in 2015 to deliver urban builds in the most desirable locations with an exceptional customer experience, Onyx+East creates homes designed for modern living that are connected within growing cities and suburbs. Everything Onyx+East builds is the outcome of a mindful process that considers value, lifestyle and best practices, focusing on the needs of homebuyers. Through creativity, innovation and sustainability, Onyx+East creates communities that change the way people live, work and “do life.” For more information, visit www.onyxandeast.com.

Media Contacts Alex Leix, alex.leix@dittoepr.com, (317) 447-4254 and Madisen Petrosky, madisen@dittoepr.com, (260) 579-8502