New home communities in the Tucson area open to renters only

By Gabriela Rico | AZ Daily Star

As home prices remain stuck on high and homebuilder activity slows, the demand for rental properties is soaring, along with rents.

Developers in the Tucson-area are eagerly building more communities of houses — not apartments — that are exclusively for renters.

Aerie Development, one of the early pioneers locally of the concept known as Built to Rent (BTR), has broken ground on its latest community in Oro Valley.

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