Phoenix developer that ignited the build-to-rent phenomena has $1 billion in projects lined up

Phoenix-based NexMetro Communities, which started the build-to-rent phenomena that is taking the country by storm, has another $1 billion worth of projects on its plate in several markets, including Arizona.

Across the nation, NexMetro has 59 projects with 10,178 homes completed, under construction and in development, and a total investment of more than $2.6 billion to date, said Jared Geisler, managing director of NexMetro’s Phoenix division.

In metro Phoenix, NexMetro has completed or has under construction more than 4,100 homes.

 

Source: https://www.bizjournals.com/phoenix/news/2024/10/31/nexmetro-plans-more-real-estate-projects.html

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