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Updated over 5 years ago,
2000 new rent houses in Phoenix?
Christopher Todd Communities has just announced a partnership with Taylor Morrison to build new rent houses in Arizona. I hear 2000 are planned in 5 year span. What will this do to existing rental stock? We have had twice in my lifetime that volume added on apts for the college campus and the results were pretty bad. I have never seen this with rental housing on SFR.
Thoughts?