(Disclosure: Rose Law Group represents Taylor Morrison and Christopher Todd Communities.)
By The Mesa Tribune
The growing build-to-rent trend is emerging in East Mesa as the first tenant is ready to move into one of the homes in the new gated Christopher Todd Communities at Ellsworth.
Though build-to-rent has been around for several decades, lifestyle and the increasing cost of housing are prompting investors to shift billions of dollars into that segment of the residential housing market, numerous analysts have noted in recent months.
“That’s a huge shift in preference to renting homes rather than apartments,” said Todd Wood, CEO of Christopher Todd Communities, a Mesa-based company that has partnered with national home builder Taylor Morrison to create innovative single-story luxury rental home communities.
