(Disclosure: Rose Law Group represents Taylor Morrison.)
By Claudiu Tiganescu | Multi-Housing News
Taylor Morrison has sold Yardly Paradisi, a 193-unit build-to-rent property in Surprise, Ariz. Christopher Todd Capital purchased it for $55.2 million, with the help of a $32.8 million loan issued by Brighthouse Financial, public records show. Northmarq arranged the sale and financing.
Under the new ownership, the asset will be rebranded as Christopher Todd Communities Paradisi. The community came online last year, featuring rental cottage-style homes. The unit mix includes one- and two-bedroom houses averaging 857 square feet. Amenities consist of a gym, a swimming pool and a dog park, as well as private backyards and smart home technology for each unit.
