November 22, 2024 9:32 am
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Rapid growth continues for American Residential, except in Phoenix

American ResidentialBy Kristena Hansen | Phoenix Business Journal

While rental home giant American Residential Properties Inc. (NYSE: ARPI) has seen explosive growth this past year, it is yet another investor to shy away from buying in metro Phoenix. The Scottsdale-based real estate investment trust ended the first quarter with 6,762 rental homes across 13 states under its management — more than two-and-a-half times more than year ago.

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If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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