Meritage to enter wildly popular build-to-rent space

(Disclosure: Rose Law Group represents Meritage Homes.)

By Angela Gonzales | Phoenix Business Journal

Another homebuilder is getting into the wildly popular build-to-rent space, where a hybrid model of detached single-family rental units are built within highly amenitized communities.

These build-to-rent communities are all the rage, as other homebuilders have seen success, such as Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) in partnership with Mesa-based Christopher Todd Communities opening their first community in Mesa.

Now, Scottsdale-based Meritage Homes Corp. (NYSE: MTH) has indicated an interest in the space.

In Meritage’s Q1 2022 earnings call on April 28, Meritage CEO Phillippe Lord told analysts that Meritage has secured two formal relationships with large national build-to-rent operators to build communities over the next several years.

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