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®.”
“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”
An Arizona firm that manages Class A Properties throughout Phoenix and for Christopher Todd Communities.
Change is in the air
There has been a significant shift in the housing market. For the second decade in a row, rental home demand will exceed own-homed demand, according to demographers. As Millennials are waiting longer before purchasing their first homes and Baby Boomers are looking to downsize, the single-family rental market is gaining momentum.
Christopher Todd Properties is keenly aware of this trend and we believe that given the option of renting a single-family home in a planned rental community versus leasing in a traditional apartment complex, the decision is easy. Our renters get the privacy of a technology-forward single-family home with a beautifully-landscaped backyard in a gated community designed specifically for their needs.
(Source: Census Bureau,
Bureau of Labor Statistics)
41% of Phoenix residents are renters
Phoenix Market Growing at 2x National Average
- Despite high completion rates, average occupancy rose 95.3 percent
- Rents up 6.6 percent year-over-year
Why Purpose Built Single Family Rentals?
Renter Nation | The Phoenix Market