By InBusiness Phoenix
Mosaic, the nation’s leading institutional-grade general contractor, is nearing completion of the first homes at Town Germann, a 209-unit community by Family Development, a California-based build-to-rent developer. Family Development has begun pre-leasing the first of the luxury townhomes for imminent occupancy, beginning in the spring of 2023.
Family Development and Mosaic joined forces in late 2022 to expedite high-quality development of the build-to-rent community as the Phoenix metro area continues to experience explosive population growth. Town Germann provides needed homes and a superior rental experience for families and individuals.
“Build-to-rent communities are not only addressing the housing availability gap in Arizona, but they also address a rising demand for mid- and upper-level rentals,” said Ron Gonski, SVP of Growth at Mosaic. “Town Germann exemplifies what’s possible for a new generation of discerning renters.”