More build-to-rent projects could be on the horizon in the Phoenix area.
On Wednesday, Taylor Morrison Home Corp. announced a joint venture with Värde Partners where the group closed on nine properties in four states including Arizona.
According to a press release, the joint venture was established to develop rental properties as a part of Taylor Morrison’s build-to-rent program. There are also properties in Texas, Florida and North Carolina in addition to the Grand Canyon State as part of the pact.
