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Leading The Way In A Changing Industry

 

 

Nearly 39 million people live in apartments, and the apartment industry is quickly exceeding capacity. (Source: National Multifamily Housing Council)

Today’s renter is looking for something other than an apartment complex that doesn’t offer privacy or their own backyard. And while single-family homes can provide these features, they typically come with more upkeep and maintenance issues than renters want. Christopher Todd Properties has created an intriguing combination of the two. These communities are comprised of single-story one- and two- bedroom rental smart homes with private backyards and doggy doors.  Each smart-gated community has amenities such as resort-style pool, state-of-the-art fitness center and yoga studio, event lawn and pocket parks.  We are truly creating “A New Way To Live.”

An estimated 28 percent of rentals are single family homes. And of those, only two percent are owned by institutional investors. (Source: Meyers Research) Christopher Todd Properties sees that as a business opportunity.

Christopher Todd Communities has shown incredible lease up velocity for all three communities that are open and now at stabilization.  In some communities we are seeing 2 -3x faster lease up than  industry averages throughout the Phoenix Market.   We attribute this to the innovative single family professionally managed rental smart home concept”

— John Carlson President

Mark-Taylor Residential An Arizona firm that manages Class A Properties throughout Phoenix and for Christopher Todd Communities.

Phoenix Market Growing at 2x National Average

 

  • Strengthening market fundamentals appealing to investors
  • Construction sector benefits from expanding multifamily pipeline
  • Despite high completion rates, average occupancy rose 95.3 percent
  • Rents up 6.6 percent year-over-year

Industry Updates

Why Purpose Built Single Family Rentals?
1/11/2018

Renter Nation | The Phoenix Market
12/6/2017