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Record Arizona deal shows investor appetite for build-to-rent developments

Golden Horizon Enterprises makes its second Phoenix acquisition in as many years
California-based Golden Horizon Enterprises paid $112.5 million for the Bungalows on Camelback, a 334-unit build-to-rent development in west Phoenix. (CoStar)
California-based Golden Horizon Enterprises paid $112.5 million for the Bungalows on Camelback, a 334-unit build-to-rent development in west Phoenix. (CoStar)
CoStar News
July 16, 2026 | 7:08 P.M.

A Southern California investor is growing its pool of build-to-rent holdings with its $112.5 million purchase of a development in west Phoenix, marking the priciest such transaction on record for the state of Arizona.

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