Rendering via Modus Cos.
By Angela Gonzales | Phoenix Business Journal
Scottsdale-based Modus Cos. is going big in the build-to-rent space, to the tune of $425 million.
The apartment developer is preparing to break ground on 1,030 build-to-rent units across the metro. High mortgage interest rates and a housing shortage are driving more people to rent homes, said Ed Gorman, founder of Modus Cos.
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