Christopher Todd Communities Sells Largest BTR Community; Adds Greystar As Property And Leasing Manager To Support Growth

Phoenix, Ariz. (Nov 18, 2020) – Christopher Todd Communities, one of the nation’s leading innovators in the Build To Rent housing segment, continues to evolve to feed the apparent insatiable appetite for single-family rentals after consummating the sale of the largest Build To Rent property (by unit count) in the nation.

The purchase of Christopher Todd Communities At Stadium, a 313-home community located in Phoenix, Ariz., was facilitated by Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC on behalf of an affiliate of The Inland Real Estate Group of Companies, Inc. The deal was brokered by NorthMarq’s President of Investment Sales Trevor Koskovich, Vice President Jesse Hudson, and Executive Vice President Bill Hahn. “The investor appetite for the Built-To-Rent communities has exploded in the last two years, with Christopher Todd Communities leading the way. Not only are we seeing demand from institutional investors, we also have seen increasing interest from the lender community to bring capital to the sector, said Koskovich.” NorthMarq also arranged the financing for the purchase through its Fannie Mae relationship.

This community sale to Inland is the final component of a multi-community transaction announced in March of this year which included a total of five Christopher Todd Communities in the greater Phoenix metro area, with a combined 943 homes. Three communities closed in March, one closed in April and the last one closed Nov 12, 2020. These five communities were the first to be developed as the Company embarked on a path to disrupt the multi-family industry. All communities were developed and wholly owned by Christopher Todd Communities.

“We are so proud that all of our communities experience unprecedented high rent rates, even during the height of the pandemic,” said Todd Wood, CEO of Christopher Todd Communities.

Comprised of single-story, single-family pet-friendly smart homes, the communities are less dense than typical multi-family, with no one above or below, the keyless door entry makes it easy to come and go with minimal touching of materials, and the private backyards give people the space to be socially distant, yet maintain a sense of connection. Resort-style amenities are included in every one of these gated communities.

As part of the sale, each community will retain the Christopher Todd Communities brand, bringing added value to this transaction.

“We have been extraordinarily grateful for the incredible demand our innovative rental product has commanded, both from the investor side as well as the consumer side, propelling our company. As a part of our national expansion we have announced that Greystar will assume management of two existing communities in the Phoenix area,” added Wood. Christopher Todd Communities On Happy Valley in Peoria, Ariz. and Christopher Todd Communities At Estrella Commons in Goodyear, Ariz. are the first to migrate to Greystar, with more communities potentially in the pipeline locally and beyond.

Greystar is one of the world’s leading residential real estate firms specializing in the investment, development, and management of rental housing through its vertically integrated global platform. “We are honored to have been selected by Christopher Todd Communities to provide leasing and management services on these assets,” said Greystar Executive Director Mike Clow. “Christopher Todd Communities has built a strong brand in the single-family rental housing sector based on a foundation of excellent customer service. At Greystar we share their passion for delivering superior service and will leverage our global economies of scale, market insights, and technologies to further enhance their offerings to residents. Programs such as ‘Beyond Expectations’ drive our customer experience strategy — helping us not only anticipate needs and delight our residents, but also ensuring we collect feedback to measure, track and continually improve our ability to deliver above and beyond, each and every day”

Christopher Todd Communities is evolving in the industry as a “brand asset maximizer” which reflects the 25 to 30 percent higher rent rates and 50 percent higher resident retention the brand commands, which all leads to a strong investor value. While Christopher Todd Communities will continue to own some of its communities, the majority of the future Christopher Todd Communities will be part of national home builder Taylor Morrison’s portfolio. The two companies formed a strategic exclusive partnership in 2019 to bring the Christopher Todd Communities-branded Built To Rent product to strategic markets where Taylor Morrison, America’s Most Trusted® Home Builder five years running already builds. Taylor Morrison serves as land acquirer, developer and builder, while Christopher Todd Communities brings its successful Build To Rent playbook, community design and formula for higher resident satisfaction ratings.

The first Christopher Todd Communities Built By Taylor Morrison will open next fall at Ellsworth and University in Mesa, Ariz. followed soon thereafter by two communities in the Phoenix metro west valley. Several other communities are in the planning stages locally, along with national expansion in Texas, North Carolina, and Florida where land searches are underway.

About Christopher Todd Communities
Christopher Todd Communities is a fast-growing Arizona-based real estate development company with a specific, unique niche in horizontal multi-family communities. The company has created a proprietary playbook for their branded, technology-forward, luxury, single-family, single-story, one- and two-bedroom rental homes with private backyards and doggy doors in professionally managed, smart-gated communities.

About The Inland Real Estate Group of Companies, Inc.
The Inland Real Estate Group of Companies, Inc. is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively, “Inland”). Inland was named by Multi-Housing News as the 5th Fastest-Growing Multifamily Property Management Company of 2020 and as the 18th Top Commercial Property Management firm by Commercial Property Executive. Inland Property Management LLC, a member of The Inland Real Estate Group of Companies, Inc., is a full-service property management firm specializing in the management of commercial real estate properties. Headquartered in Oak Brook, Illinois, Inland is one of the nation’s largest commercial real estate and finance groups. Inland has been creating, developing and supporting real estate-related companies for more than 50 years

About NorthMarq
As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, the company offers partnership and financial acumen that support long- and short-term investment goals. Their culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $14+ billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our more than 500 people.

About Greystar
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates over an estimated $200 billion+ of real estate in nearly 200 markets globally including offices throughout the United States, United Kingdom, Europe, Latin America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing approximately 693,000 units/beds, and has a robust institutional investment management platform with approximately $35.5 billion of assets under management, including over $15 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit

About Taylor Morrison
Taylor Morrison Home Corporation (NYSE: TMHC) is the nation’s fifth largest homebuilder and developer based in Scottsdale, Arizona, that has been recognized as America’s Most Trusted® Home Builder for five years running (2016-2020). Operating under a family of brands including Taylor Morrison, Darling Homes, William Lyon Signature Home and Christopher Todd Communities built by Taylor Morrison, we serve consumer groups coast to coast, from first-time to move-up, luxury and 55-plus buyers. Our unwavering pledge to sustainability, our communities and our team—outlined in the 2019 Environmental, Social and Governance (ESG) Report—extends to designing thoughtful living experiences homeowners can be proud of for generations to come. distinctive detail while delivering on the Taylor Morrison standard of excellence. For more information about Taylor Morrison and Darling Homes please visit

Media Contacts
Christopher Todd Communities: Martha Moyer Wagoner

NorthMarq: Martha Nevanen

Taylor Morrison: Alice Giedraitis

Greystar: Brittany Jones