November 22, 2024 12:12 pm
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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.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.