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Joint venture sells built-to-rent development near Phoenix for $30 million

Townhouses were 93% occupied at time of sale
This newly constructed, built-to-rent townhouse development in the Phoenix area sold for about $30 million. (CoStar)
This newly constructed, built-to-rent townhouse development in the Phoenix area sold for about $30 million. (CoStar)
By Clarice King with
CoStar Research
March 26, 2026 | 5:21 P.M.

LVP Partners Group purchased Avalon Townhomes, a newly constructed, built-to-rent development in the Phoenix area, for $30.1 million.

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News | Joint venture sells built-to-rent development near Phoenix for $30 million