November 22, 2024 6:43 am
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Taylor Morrison in joint venture with new build-to-rent investor

(Disclosure: Rose Law Group represents Taylor Morrison and Christopher Todd Communities.)

By Angela Gonzales | Phoenix Business Journal

On the heels of opening its first build-to-rent community in partnership with Mesa-based Christopher Todd Communities, Taylor Morrison Home Corp. has forged a new partnership with a global investment firm to expand even further into this niche market.

The Scottsdale-based homebuilder (NYSE: TMHC) has formed an $850 million joint venture with VP Moondance Holdings LLC, an affiliate of Minneapolis-based Varde Partners to acquire undeveloped land on which to construct and operate build-to-rent projects, according to a May 2 filing with the U.S. Securities and Exchange Commission.

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