Two build-to-rent deals involving three properties in greater Phoenix have closed as the cost of home ownership in the area has risen significantly. The transactions come as the market works through apartment supply issues — where increasing vacancy rates have kept rents down.
Three Build-To-Rent Developments Sell in Greater Phoenix as Apartment Vacancies Rise
High Home Prices Have Driven Interest in Property Type
By Jon Leckie
CoStar NewsMarch 21, 2024 | 9:07 P.M.
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IN THIS ARTICLE
- Properties
- Stone View on 7th
734 Apollo Rd, Phoenix, AZ
- Onyx at Westgate
7403 91st Ave, Glendale, AZ
- Stone View on Central
8350 Central Ave, Phoenix, AZ
- Companies
- Inland Real Estate Group of Companies, Inc.
Management of Companies and Enterprises