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Developer Sells Phoenix Project as Investors Embrace 'Build to Rent' Developments

Despite Rising Popularity, Single-Family Rentals Expected to Be in Short Supply
The 313-unit Christopher Todd Communities At Stadium sold for $83 million. (CoStar)<br/>
The 313-unit Christopher Todd Communities At Stadium sold for $83 million. (CoStar)
CoStar News
November 23, 2020 | 11:10 P.M.

Real estate investment firm Inland Real Estate Group paid about $83 million for a residential community near Phoenix, which has set the pace for an increase in popularity across the country of single-family home rentals.

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