Built-to-rent communities find rapid success in Phoenix
ASU expert says the future of built-to-rent communities may depend on Arizona regulations and political environment.
In this story published Aug. 8, 2023, on Daily Independent:
You have to able to get the entitlements, the right to build these things. Is there a finite amount of available space for these to continue to grow at the rate they've been growing? Capital markets like them a lot, so you had a lot of money that moved into that segment. There was a lot of additional inventory added, it's probably going to soften a little bit over the next year or two, and then pick back up again.
– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor professor of real estate
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