Cavan Companies Expands Build-to-Rent Network with New Community in Omaha

Cavan Companies Expands Build-to-Rent Network in Omaha

On March 10, 2026, Cavan Companies announced the acquisition of land for their latest project, The Bungalows at Prairie Hills, marking a significant development in the Omaha metropolitan area. This new community will consist of 154 single-story homes designed for rental, responding to a growing demand for single-family rental options in the market. The site is strategically located in Papillion, Nebraska, at the intersection of Highway 370 and South 114th Street, a prime area providing easy access to Interstate 80, Offutt Air Force Base, and local employment centers.

The construction is set to commence in May 2026, covering about 16 acres. Situated near established commercial facilities like the Shadow Lake Towne Center, the community will be in an area that blends residential comfort with urban convenience. The Bungalows at Prairie Hills will feature detached homes with various floor plans, including one-, two-, and three-bedroom units, measuring between approximately 683 and 1,389 square feet each. The community will also include 104 detached garage options, a clubhouse, a fitness center, and shared amenities, providing residents with both privacy and a sense of community.

Cavan Companies is no stranger to the Build-to-Rent sector, having established two other communities in Omaha, which are currently in the leasing phase. The first phase at The Bungalows at Whitehawk Lake is scheduled to begin leasing on April 1, 2026, followed by The Bungalows on Honeysuckle starting on April 15, 2026. These developments underscore Cavan's position as a leading developer in the rapidly growing Build-to-Rent market, which is gaining traction particularly for those seeking the space and comfort of a regular home without the burdens of ownership.

Norm Miller, CEO of Cavan Companies, commented on the increasing demand for housing solutions that bridge the gap between traditional apartment living and homeownership. “Markets like Omaha are ideal for single-story Build-to-Rent communities because residents want the space and privacy of a home without the barriers of ownership,” Miller stated. This sentiment resonates strongly in regions such as Omaha, where the population has surpassed one million and continues to grow, bolstered by prominent employers such as Berkshire Hathaway and Union Pacific, along with vital institutions like Nebraska Medicine and the military base.

Sarpy County, one of the fastest-growing regions in Omaha, has seen significant developments in infrastructure, education, and community living standards, making it an attractive locale for new residents. As rising housing costs plague many families across the country, there is an increasing search for rental options that provide comfort and privacy without the hefty financial commitment of buying a home.

Cavan Companies has been a pioneering force in the real estate development sector for over 50 years, specifically focusing on the Build-to-Rent model since 2016 under The Bungalows brand. Their vision centers around creating convenient, single-story rental communities that are designed with modern aesthetics and amenities, catering to today’s renter who values both space and community lifestyle.

With The Bungalows at Prairie Hills, Cavan Companies aims to further enhance their presence in the Omaha metropolitan area, offering prospective tenants quality living spaces that reflect both comfort and practicality. For more updates and information about this latest community project, interested parties can reach out to Shari Cashman, Director of Marketing & Public Relations at Cavan Companies.

Cavan's commitment to meeting the changing dynamics of housing demands within the community continues to position it as a forward-thinking leader in the Build-to-Rent market, as they work towards providing innovative and effective living solutions in thriving areas like Omaha.