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Close to 5 percent of all the single-family houses that developers started to build in 2022 are planned to be operated as rental houses.

Bendix Anderson | Jun 07, 2022

Developers will start construction on tens of thousands of new rental houses in 2022.

The biggest companies that own and operate single-family rental (SFR) housing— like the REITs Invitation Homes, Tricon and American Homes 4 Rent—are all creating thousands of new, build-to-rent houses. These homes are rising in subdivisions planned from the start to operate as rentals, with shared amenities for the renters like swimming pools and pet parks.

These same companies often still buy individual, existing houses to renovate and operate as rental homes—even though home prices are rising as fast or faster

Marana, AZ – Flint Development (“Flint”) acquired two parcels totaling 129 acres from an affiliate of Crown West Land Group within the Crossroads at Gladden (“Crossroads”) development located at Tangerine Road and Interstate 10. Flint Development is a commercial real estate development firm based in Kansas City, specializing in industrial, multi-family and senior living development throughout the country. Flint has over 50 years of combined experience and a proven history in development projects making positive impacts in communities. The acquisition encompasses Blocks 1 and 2 of Crossroads, bounded by Clark Farms Boulevard on the West and Interstate 10 to the East. Flint plans to develop over 1,700,000 square feet of Class “A” industrial space, with the first two spec buildings totaling nearly 1,000,000 square feet

HSL Gladden Farms, LLC closed on 17 acres in Block 43 of the Gladden Farms master-planned community. The parcel is located at the NWC of Tangerine Road and Clark Farms Boulevard in Marana. The parcel was sold by the developer Gladden Phase II, LLC (Crown West Residential Group, Dean Wingert, Vice President).

This block will be planned for future multi-family development. Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The master-plan was the top performing community in the Tucson area in 2021 and is home to 6 home builders - Meritage Homes, Richmond American, Lennar, Pulte Homes, KB Home, and Mattamy Homes.

Gladden Farms continues to have a record-breaking year both in

A subsidiary of Petrus Partners LTD in New York — Encanto 2020, LLC — has purchased 38 acres of land in Buckeye, Arizona for $2.4 million. Kidder Mathews Vice President Brian Rosella represented the seller, Mike Geddes with Jackencanto, LLC, in the transaction.

Development plans for the property, located at Jackrabbit Trail & Encanto Boulevard, include 103 residential lots and five acres of commercial space.

“The residential land market is still on fire as developers and builders are looking in all parts of the valley for more land to feed the continued influx of new residents moving to Phoenix,” said Rosella.

North Marana growth heats up as the area looks to be a major beneficiary of Tucson’s strong market

Land deals seem to be non-stop these days in this sub-market of southern Arizona and Real Estate Daily News decided to look deeper into what is driving this. We thought there was no better place to start than the company who has been the “go to” source in this area. Will White and John Carroll of Land Advisors Organization have been involved in a major portion of the activity in north Marana for decades and represent several of the area’s larger projects going forward.

We recently sat down with White to get his thoughts on all this activity in north Marana and to ask what

Tucson, Arizona – Land Advisors Organization - Tucson continues a strong second half of 2021 within master-planned communities throughout the area. With over 70% market share of current and future residential lots throughout the Tucson Metro, the Tucson team of Will White and John Carroll continue to represent the top producing master-planned communities and substantial residential projects throughout the region.

Over the course of the last 45 days, the Tucson team has transacted more than 600 lots and over ±500 acres of large residential developments. Among this total, noteworthy ones include closings within the Gladden Farms MPC, located in the town of Marana where KB Home Tucson, Inc. purchased 136 lots and Meritage Homes of Arizona purchased another 169 lots from the developer (Crown West

MARANA, ARIZONA — Lennar Arizona, Inc closed on 212 lots (45’X120′ and 60’X120’) in Block 37 of Gladden Farms for $13,650,675. The finished lots were purchased from Gladden Phase II, LLC (Crown West Land Group, Dean Wingert, Vice President).

Lennar has built homes in Gladden Farms for many years, and this is the homebuilder’s second acquisition in the community in the past 12 months. The new neighborhood will be known as Sunstone at Gladden Farms. The sale represents the second home builder purchase in the latest phase of Gladden Farms which will include over 800 lots that will be purchased and developed in 2021.

Mattamy Homes purchased 115 lots in February of this year and an additional 423 residential lots are currently in escrow with

Gateway at Gladden Farms to serve first-time homebuyers seeking outstanding value and quality

Centex Homes is expanding its offering of affordable homes in Arizona with its first community in the greater Tucson area. Located in Marana, Arizona, Gateway at Gladden Farms will feature energy-efficient, single- and two-story home designs with built-in smart home technology and a variety of impressive amenities all available for a low monthly payment.

"The demand for affordable new homes is booming as consumers seek the benefits of homeownership while escaping the trap of continuously escalating rents," said Rebecca Lundberg, PulteGroup’s Arizona Division President. "Gateway at Gladden Farms is a unique community that brings affordable, high-quality homes to the Tucson market in an established, amenity-rich Marana neighborhood that is close to employment

The owners of Spokane Business and Industrial Park have purchased 39 acres near the corner of Barker and Euclid roads in Spokane Valley to build a similar facility that is designed to target distribution-type businesses.

Dean Stuart, Crown West Realty LLC vice president, said the company hopes to break ground later this year, pending permit approvals.

“We have a lot of Fortune 100 companies that have told us that, logistically, Spokane Valley is the ideal location when they look at their studies,” Stuart said. “That’s where they land to serve this greater market area of Spokane, Coeur d’Alene and even Central Washington and eastern Montana.”

Plans for the Barker Logistics Center could include a total of about 600,000 square feet

TUCSON, Arizona — Lennar Homes (NYSE: LEN) has purchased the remaining lots in Phases 2 and 3 at Santa Rita Ranch III, southeast of the intersection of Houghton Road and Sahuarita Road. This purchase was made up of 194 SFR lots (60’X120’ and 70’X120’) for a finished cost of $76,849 per lot, or $14.9 Million. The seller in this transaction was Santa Rita Ranch III, LLC and Santa Rita Ranch III 2015, LLC (Crown West Land Group, Dean Wingert, Vice President).

The Santa Rita Ranch Specific Plan was first approved by the County in 1988 for 2,435-acres and up to 5,307 units. Crown West acquired the Santa Rita Ranch III portion in 2013, a total of 182 acres and 330-lots nestled into the foothills