Christopher Todd Communities has sold the Christopher Todd Communities at Stadium, a 313-home built-to-rent community in Phoenix to an affiliate of The Inland Real Estate Group of Companies for an undisclosed price, marking the largest built-to-rent property sale by unit count in the nation.
“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,” says Trevor Koskovich, president of investment sales at NorthMarq, which brokered the transaction.
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