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Carlyle Group Joint Venture Buys Single-Family Rentals in South Phoenix

Private Equity Giant Buys Its Second Build-To-Rent Complex in Region
TruVista Holdings opened Orchards on 12th in Phoenix last year. (Northmarq)
TruVista Holdings opened Orchards on 12th in Phoenix last year. (Northmarq)
CoStar News
December 2, 2022 | 1:11 AM

The Carlyle Group and a Los Angeles-based partner paid $511,000 per unit to buy a single-family rental development in the latest sign of keen investor demand for detached rentals in greater Phoenix.

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