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Denver Business Journal (Jan 08, 2019)

Want a house without a mortgage? Phoenix rental-home developer to invest $140M in metro Denver

NexMetro Communities is investing more than $140 million in the Denver-metro area, with its first neighborhood in Commerce City and two more coming in Brighton and Thornton.

The Phoenix-based developer of rental homes is launching Avilla Buffalo Run in Commerce City on the Buffalo Run golf course. These 123 single-level rental homes will be located on 12.5 acres and will be coming to market in the first quarter. Monthly lease rates for one-bedroom homes will start in the $1,400s, and three-bedroom homes will start in the low $2,000s.

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About Avilla Homes

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.

About NexMetro

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.

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