Through our affiliate company Black Opal, Onyx+East offers a full range of development services and builds high-quality, single-family homes for rent.
The build-to-rent model is one of the fastest-growing sectors of the U.S. housing market due to limited housing supply and increasing home prices. Black Opal will acquire, design and build out a thoughtfully designed community to give residents the single-family living experience—without the responsibility of home ownership.
Land Opportunity Strategy
We develop with a mindset for momentum—targeting sites in fast-growing markets where thoughtfully built rental communities meet real lifestyle needs. Our process prioritizes zoning efficiency, durable materials, and floor plans that enhance livability without inflating costs. The result: well-designed homes that serve modern renters and a strategy that delivers meaningful, lasting impact on the land we develop.
Discover our thoughtfully designed build-to-rent communities, created to offer modern living and a strong sense of home. Each project reflects our commitment to quality construction, lifestyle-focused design, and seamless renter experiences.
Marea
Indianapolis, IN
Located near bustling Hamilton Town Center, Marea offers contemporary single-family living with the benefits of a maintenance free lifestyle. Marea includes a clubhouse and pool, and a variety of three and four bedroom floorplans.
Submarket
Noblesville
Product Type
Single Family
Status
Leasing
Complete
2025
Investment
$46 million
Acres
37
Homes
144
Monterey
Tampa, FL
Exceptionally located near Midtown Tampa at N. Himes and I-275, Monterey includes 24 three-story townhomes. Residents of these contemporary townhomes enjoy walkability to restaurants and a Whole Foods grocery store.
Submarket
Midtown
Product Type
Townhome
Status
Complete
Investment
$16 million
Acres
1
Homes
24
Greenery
Columbus, OH
Served by the prestigious Olentangy Local School District, Greenery’s 121 homes are nestled into an old-growth tree lined property. The community offers walking trails, a playground, and a pavilion to residents, along with easy access to US-23.
Submarket
Lewis Center
Product Type
Single Family Home
Status
Leasing
Investment
$46 million
Acres
37
Homes
121
Mural Brownsburg
Indianapolis, IN
Westbranch is a mixed-use project that includes retail, single-family estate lots, and 165 rental homes. The community provides a variety of floorplans, clubhouse, pool, playground, and central green lawn.
Submarket
Brownsburg
Product Type
Single Family Home
Status
Construction
Investment
$49 million
Acres
37
Homes
165
May Square
Cincinnati, OH
Just five minutes from Downtown Cincinnati, University of Cincinnati, and the medical campus, May Square provides contemporary three-story townhomes in the historic and vibrant Walnut Hills neighborhood. Residents of this infill project will enjoy walkability to coffee shops, restaurants, and nearby parks and museums.
Submarket
Walnut Hills
Product Type
Townhome
Status
Construction
Investment
$17 million
Acres
2
Homes
44
Mural Lewis Center
Columbus, OH
Marigold is adjacent to the Evans Farm master-planned community, just a short drive to the Olentangy Local Schools campus. Situated along a serene creek, the community will have two, three, and four bedroom homes with walking trails, fire pit, and playground.
Submarket
Orange Township
Product Type
Single Family Home
Status
Construction
Investment
$47 million
Acres
31
Homes
120
Haven
Columbus, OH
Strategically located in the Upper Arlington submarket, Haven features new-build single-family homes in an area characterized by older residences and limited new development opportunities. Combined with the area's highly-rated school districts and proximity to major employers, Haven will provide a unique housing solution for current and future residents alike.
Submarket
Upper Arlington
Product Type
Single Family Home
Status
Construction
Investment
$12 million
Acres
3.4
Homes
25
Oakley Station
Cincinnati, OH
Oakley Station is a townhome community walkable to many entertainment and lifestyle amenities, shopping, and grocery stores in the highly desirable Oakley neighborhood. Residents of the two, three, and four bedroom homes will enjoy private two car garages and community amenities such as pickleball courts, a dog park, and fire pit.
Submarket
Oakley
Product Type
Townhome
Investment
$51 million
Acres
7.6
Homes
119
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