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Phoenix build-to-rent project looks to capitalize on growing mortgage costs as multifamily rents fall

While market has overbuilt apartments, dearth of for-sale housing drove prices up 64%
Curve Development is set to open its most recent build-to-rent project, Cyrene at Skyline in Waddell, Arizona, amid a 64% jump in for-sale prices over the past four years. (Curve Development)
Curve Development is set to open its most recent build-to-rent project, Cyrene at Skyline in Waddell, Arizona, amid a 64% jump in for-sale prices over the past four years. (Curve Development)
CoStar News
November 27, 2024 | 8:11 P.M.

A newly opened build-to-rent development on the western outskirts of Phoenix is looking to capitalize on the city’s rapid population growth and rising costs of homeownership.

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