Build to Rent (BTR) is the hottest real estate sector, disrupting traditional rental living and investment options. Christopher Todd Communities (CTC) is an early innovator in this purpose-built segment having created a number of luxury, smart gated communities of single-story, single-family rental smart homes. Now, five of those Phoenix, Arizona assets – including 943 one- and two-bedroom homes – are being offered to investors.
BTR communities have increased over 100 percent in the past couple of years, and are focused on amenities, which rival some 5-star hotels, all professionally managed. The renters span Millennials to Baby Boomers, people that could afford to buy but prefer the flexibility of renting in an innovative community.
Rent growth exceeds standard multifamily by 1.5 percent, and owners/operators experience less volatility due to less resident turnover, lower maintenance costs, and a strong demand to increasing home values.
Advantages:
- 4.5% year-over-year rent growth as compared to 3.0% for traditional multifamily Class A. CTC is experiencing 10-12% rent growth year-over-year.
- Cash flow and asset value growth are driven by strong multifamily supply/demand fundamentals.
The five pet-friendly communities included in the offering range in size from 136 homes to 313 homes, all have smart gated entries, professional management, event lawns and three have fitness centers and yoga studios on site. All homes have private backyards, doggy doors and smart home features including keyless door entry, security and climate control via smart phone or tablet, high-speed internet (1000/1000 mbps), high resident engagement and unprecedented lease up numbers and renewals.
www.christophertoddproperties.com
1201 S. Alma School Rd.
Suite 12400
Mesa, Arizona 85210
