Scottsdale developer investing in wildly popular build-to-rent market

(Disclosure: Rose Law Group represents Empire Group.)

By Angela Gonzales | Phoenix Business Journal (Photo via Land Advisors Organization)

Shelby Duplessis has big plans for the wildly popular build-to-rent market in metro Phoenix — and beyond.

The president of land development for Scottsdale-based The Empire Group of Cos. is out scouting land to develop 40 projects to the tune of more than $1.9 billion. Financing for land acquisitions will be all cash, raised with a blind investor pool, while construction will be financed by multiple banks.

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