While people can't afford to buy, builder constructs thousands of rentals for investors
The first of 65 units in Boardwalk, a new single-family rental community in Lancaster, are set to be delivered to residents in January. (El?-as Val...
January 29, 2023
8:34 PM
The first of 65 units in Boardwalk, a new single-family rental community in Lancaster, are set to be delivered to residents in January. (El?-as Valverde II/The Dallas Morning News/TNS) As potential homebuyers wait for prices and mortgage rates to recede, an Arizona company is moving in to fill the void by buying and renovating rental homes that offer an experience similar to a traditional for-sale subdivision. Tricor, based in Scottsdale, has constructed or renovated 22,000 rental homes since 2014.
Mitchell Parton