Thousands more build-to-rent units are coming to the Valley, but with a new twist. While some are the traditional detached, single-family homes built within a community with resort-like amenities, some are attached townhomes with their own garages. Here’s what two out-of-state developers are bringing to the market. Source Article
It’s hard to know what to expect from Arizona’s economy in 2023. The labor market remains very tight, with low unemployment, high levels of labor market churn, and a tremendous number of open jobs. But any income gains we are making are more than offset by inflation. Rising mortgage interest rates and low affordability have […]
Tower Capital is continuing to expand into the Rocky Mountain Region with the addition of Matt Hiltner, who will serve as Vice President in the firm’s Denver office. Hiltner specializes in debt and equity placement for ground-up and existing multifamily, single-family build-for-rent, and residential communities in the western U.S. and Mountain states. Tower Capital expanded […]
Park West, the Peoria shopping, entertainment and dining center, has announced a long list of retailers set open this year. Plus, click through to read about more of the biggest real estate deals from across the Valley, including building and land sales. Source Article
Churchill Real Estate provided $55 million in construction financing for Empire Group to develop the Village at San Tan, a 240-unit build-for-rent (BTR) community in Queen Creek, Arizona. The project, which is set to break ground in April, will mark Empire Group’s fourteenth multifamily project in the Phoenix-area over the last few years. Kyle McDonough, […]
Tower Capital’s experienced team brings an institutional quality approach to middle market owners, operators, and developers. Tower Capital provides white-glove service to its clients from the beginning of the transaction all the way through to closing. “So often, we hear complaints about our competitors, who sign up the transaction and then leave the borrower to […]
93. Tower Capital Source Article
No Panic in Lending Markets, As Capital Adjusts to a New Environment Volatility and uncertainty are apt descriptions for the lending market as we close out 2022. While it is abundantly clear that the mortgage industry remains strong, it faces challenges compared to last year at this time. Though most lender volumes are down for […]
Red Oak Capital, Pensam, and Tower Capital are among the managers rolling out or expanding customizable programs. Read Full Article
Tower Capital announced Monday it has arranged $185.7 million in financing for four build-to-rent housing developments in Arizona and North Carolina totaling over 700 units, saying it expects the demand for… Read Full Article
