May 4, 2024 10:43 pm
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California build-to-rent developer set to start East Valley project

By Angela Gonzales | Phoenix Business Journal

California-based Family Development and Phoenix-based Mosaic have teamed up to develop a $69 million build-to-rent community in Gilbert.

Called Town Germann, the 209 luxury townhomes will range from 1,193 to 1,379 square feet, with monthly rental rates expected between $2,600 and $2,900. The 14.5-acre gated community will be highly amenitized, including a resort pool and spa, clubhouse, dog park, hammock park and ramada for yoga classes.

Read the full subscription story from the Phoenix Business Journal.

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