Windham, Maine
The Reserve at Windham is a 33-unit long-term rental community located on Depot Street in Windham, Maine. The project was designed to meet growing demand for quality housing in one of the fastest-growing suburbs of Portland. Windham continues to attract commuters and families seeking access to the lakes region, open space, and regional job centers, while remaining close to southern Maine’s economic core.
Beylin Development identified the site as a strategic opportunity to deliver infill housing that aligned with town priorities. The approvals process moved quickly, with full approval secured just two months after the letter of intent was filed. The project consists of three residential buildings and was completed in one year. Lease-up took five months, driven by strong demand and alignment with the local renter profile.
The Reserve at Windham is a core long-term hold and is fully managed by Mighty Oak Management, Beylin Development’s in-house property management team. The project reflects the company’s approach to delivering high-quality housing in high-growth, supply-constrained markets. It also demonstrates the team’s ability to navigate approvals, manage construction, and stabilize operations efficiently.
Project Summary
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Bedrooms / Bathrooms: Mix of 1BR and 2BR units; final breakdown TBD
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Square Footage: 43,800
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Timeline: One-year construction; five-month lease-up
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Intended Use: Long-term rental
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Reason for Pursuit: High-growth location with limited rental supply
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Strategic Fit: Aligned with long-term rental strategy in suburban growth corridors
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Scope of Work: New construction (three residential buildings)
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Construction Lead: Beylin Builders
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Thank Yous: Town of Windham and Maine Community Bank
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Special Details: Fast-track approval; project height limited to maintain town character
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Hold vs Sell: Hold
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Who Manages the Property: Mighty Oak Management (in-house)
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Target Renter or Buyer Profile: Commuters, young professionals, and families seeking suburban housing with proximity to Portland and southern Maine’s lakes region