Phoenix Business Journal (Feb 28, 2020)

Phoenix is ground zero for a rapidly growing hybrid rental housing product that's catching the attention of national homebuilders.

Big publicly traded homebuilders such as Horsham, Pennsylvania-based Toll Brothers Inc. (NYSE: TOL) and Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) have put their hats in the ring, while an array of smaller builders are jumping in to get a piece of the action.

A truly unique alternative to the typical rental experience, Avilla Homes neighborhoods feature single level, detached homes for lease in a gated enclave. The one, two and three-bedroom floor plans feature private entrances, outdoor patios and backyards, along with high-end finishes such as 10' ceilings, granite/quartz countertops, stainless steel appliances and more. The pet friendly communities offer the perks of neighborhood living with optional garages, resort-style pool, beautifully landscaped recreation areas, and even an electric car charging station - all maintained by a professional management company, without mortgage payments or HOA fees.

NexMetro Communities is an innovative development company focused on building luxury leased home neighborhoods that serve lifestyle conscious consumers seeking a new home experience without the burdens of a mortgage. In partnership with its affiliated companies, NexMetro has developed Avilla Homes neighborhoods since 2010 in key Sunbelt locations. Combining elements of residential single-family living with rental terms and management, NexMetro provides a growing market niche of consumers a leased home experience like no other.