article thumbnail

How This Arizona Luxury Home Builder Is Making a Move to Diversify

Pro Builder

The first 12 rental homes, featuring a backyard and a garage, were built in 2020 in Phoenix and were rented within 30 days after completion. All of our single-family rental communities exist as single-family detached homes with garages—that was something we weren’t really seeing in the SFR market in Phoenix.

Arizona 78
article thumbnail

Are You Ready for Build to Rent?

Pro Builder

announced it was selling five of its communities in Phoenix, a total of 943 homes, to an affiliate of The Inland Real Estate Group of Companies , in Oak Brook, Ill. The capital investment appetite for it is huge,” says Michael Finch, EVP at SVN SFRhub Advisors , a Phoenix-based consulting and brokerage group. and getting stronger.

Phoenix 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Oscar Expands In Arizona

Buisness Facilities Contributed Content

After a competitive process, Oscar selected Tempe for its newest location after working with economic development representatives from the Greater Phoenix region, including the Greater Phoenix Economic Council , the city of Tempe and Arizona Commerce Authority. (Courtesy of EverWest Real Estate Partners). Oscar Expands In Arizona.

Arizona 40
article thumbnail

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

In the Finance category, finalists include organizations focused on construction financing, shared-equity models, and renter programs that support increased savings and equity. Most insulations are made from petroleum, such as foam, or require large energy inputs, like in the case of mineral wool.

article thumbnail

IHP Capital Partners' Richard Whiteley Discusses Land Opportunity for Home Builders

Pro Builder

IHP Capital Partners, for example, secured strategic land and lot holdings in the Austin, [Texas], Phoenix, Reno, [Nev.], RW: B2R operators are bidding directly with home builders for project sites and driving up land prices. and greater Los Angeles MSAs before, or very early, in the demand surge.

article thumbnail

The Road to Recovery in Detroit

Buisness Facilities Contributed Content

But out of the ashes of this monumental collapse — and in the midst of one of the most run-down neighborhoods in Detroit — a remarkable revival is rising like a phoenix. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009.

Detroit 51
article thumbnail

Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Ivory is taking on innovations from outside the company, too, pairing faculty at the University of Utah with Landed , a personal finance company that provides part of a down payment for “essential professionals” as a private equity partner, a model that earned it a 2019 Ivory Prize. That’s because Clark Ivory saw the downturn coming.