Christopher Todd Communities Built By Taylor Morrison Invests In The Charlotte MSA

Buys 24.9 Acres In The City Of Monroe For A New Luxury For-Rent Community

Charlotte, NC (Feb. 3, 2022) — Multi-family housing innovator Christopher Todd Communities and America’s Most Trusted® Home Builder Taylor Morrison Home Corporation (NYSE: TMHC) are bringing a new gated Single-Story Rental Community (SRC) to Monroe, NC located off Highway 74.

Christopher Todd Communities At Monroe will include 151 newly designed single-story homes on almost 25 gated acres. The one and two-bedroom smart homes are expected to range from approximately 750-1,050 square feet and include private maintenance-free backyards, pet doors, and smart home technology and will be complemented by resort-style amenities including a pool, fitness center, event lawn and dog park. This project marks the partnership’s first jointly branded luxury rental community in the greater Charlotte area.

Under terms of the agreement Taylor Morrison serves as land sourcer, developer and builder, with Christopher Todd Communities providing its successful brand playbook that includes best-in-class community design details, asset management consulting and the promise of A New Way To Live®.

“This community hits the mark for a broad array of consumers seeking the convenience of a rental with conveniences and a lifestyle not found at traditional apartments,” said Taylor Morrison Build-to-Rent National President Darin Rowe.

“The strategic location to Charlotte’s Uptown, I-485 loop and Union County submarket provides an alternative rental product for our young professionals,” said Taylor Morrison’s Vice President of Land Acquisitions Megan Ledbetter, who oversees the Charlotte market. “Additionally, this project will offer a Class A living experience for our millennial and boomer populations, which we anticipate will grow substantially in coming years within the existing Monroe submarket.”

Initial leases at Christopher Todd Communities at Monroe are targeted for later 2023.

In addition to North Carolina, land sourcing efforts are underway in Arizona, Texas and Florida with other expansion market announcements planned for this year.

“Christopher Todd was an early innovator in the Build-To-Rent luxury living niche, creating A New Way To Live® with our resort-inspired communities,” said Todd Wood, CEO of Christopher Todd Communities. “Our strategic partnership with Taylor Morrison allows us to deliver the experience to more people in new markets where the demand is strong.”

Comprised of well-appointed single-story, pet-friendly smart homes, the communities are less dense than typical garden-style apartments, with no one above or below, no stairs to navigate and private backyards that provide personal space and an improved sense of wellness.

Land Planning and Engineering is provided by ESP Associates, Inc, Transportation Services by Kimley-Horn and Associates, Legal Services provided by Alexander and Ricks, PLLC, Seller by Fiorenza Communities. Taylor Morrison is currently seeking additional properties for development throughout the Carolinas. Please contact Megan Ledbetter (mledbetter@taylormorrison.com) at Taylor Morrison regarding such opportunities.

About Christopher Todd Communities
Christopher Todd Communities is the leader in Build-to-Rent communities, specializing in Single-Story Rental Communities (SRC) which are amenitized, gated, planned communities designed specifically for renters. The company has a proprietary playbook for their branded, technology-forward, luxury single-story rental homes with private backyards and doggy doors in professionally managed, smart-gated communities, resulting in faster lease ups, high retention, optimized rent rates and dynamic investor returns. Christopher Todd Communities is an “asset maximizing” company, creating enhanced value though the branded community and lifestyle experience. www.ChristopherTodd.com

About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is the nation’s fifth largest homebuilder and developer. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and 55-plus active lifestyle homebuyers under our family of brands—including Taylor Morrison, Esplanade, Darling Homes Collection by Taylor Morrison and Christopher Todd Communities Built by Taylor Morrison. From 2016-2022, Taylor Morrison has been recognized as America’s Most Trusted® Builder by Lifestory Research. Our strong commitment to sustainability, our communities and our team is highlighted in our latest annual Environmental, Social and Governance (ESG) Report.

For more information about Taylor Morrison, please visit www.taylormorrison.com.