The Townes at Westside presents institutional and private capital investors a forward-purchase opportunity to acquire a to-be-built, Class A build-to-rent townhome community in Cleveland, Tennessee—a structurally supply-constrained, high-growth submarket positioned roughly 30 minutes from downtown Chattanooga. Developed by Lennar, one of the nation's most experienced and decorated homebuilders, the community delivers large-format 3BR/2.5BA townhomes averaging ~1,409 SF, each with an attached two-car garage—a product profile purpose-built for the durable, credit-worthy family-renter cohort underserved by conventional multifamily. The forward structure allows capital to lock pricing and cost basis ahead of delivery, with construction and delivery risk borne by Lennar and minimal near-term capital exposure, positioning the buyer to underwrite an attractive yield-on-cost on a clean, new-vintage asset. Underlying fundamentals are equally compelling: Cleveland averages just ~11 new rental units annually while the broader Chattanooga pipeline contracts sharply, insulating in-place rents and protecting basis. Demand is anchored by one of Tennessee's most industrialized and diversified economies—home to thirteen Fortune 500 manufacturers and a 320,000+ labor force within 25 miles—and reinforced by no state income tax, sustained in-migration, and a cost basis materially below neighboring Chattanooga. The result is a defensively positioned, barrier-protected asset combining new-construction quality with the rent-growth tailwinds of a high-conviction Southeast growth market.