NexMetro Communities continues massive Arizona expansion
NexMetro Communities, a leading Phoenix-based developer of luxury leased-home neighborhoods throughout the U.S., continues its nationwide expansion by adding six new communities in greater Phoenix to its portfolio.
Avilla Lago in Peoria will open with 120 homes and Avilla Enclave in Mesa will open 96 homes in Q1 2021 with pre-leasing starting in early 2021. Avilla Paseo, located at Northwest Phoenix, welcomed its first tenants in mid-May, and Avilla Gateway, welcomed new residents in July of this year.
Additionally, NexMetro has started development on Avilla Canyon and Avilla Magnolia, all located in Phoenix, with expected opening dates in late 2021 and early 2022.
“Demand for single-family rental homes in Phoenix remains especially robust given strong demand drivers such as solid job and income growth, household growth, supply demand and high occupancy rates. Home values in Phoenix submarkets also continue to increase as does rental growth,” said Brian Rosenbaum, president of NexMetro Communities’ Phoenix Division. Rosenbaum added that Arizona has strategically been an area of high-quality growth for its Avilla Homes neighborhoods with its solid market indicators, land opportunities and household formation.
The detached, single-level homes will include hallmark Avilla features such as private backyards and front entries, open floor plans, high ceilings, granite countertops, stainless steel appliances and hard-surface flooring throughout. Each new community will be gated and offer garages, covered parking areas and amenities such as a resort-style pool and spa, outdoor grills, lounge areas, dog park, walking areas and open space.
With more than $1 billion invested in the Phoenix, Dallas, Denver and Central Florida markets, NexMetro’s continued growth is a testament to its strategic nationwide expansion plans that speak directly to lifestyle-conscious consumers from all walks of life who would rather lease than own a home.
“Increasingly, consumers are identifying single-family rental as a better option compared to conventional apartments. And with the coronavirus requiring social distancing and staying at home, the appeal of less dense, more spacious single-family living is unmistakable,” said Josh Hartmann, president of NexMetro Communities.
All of Avilla Homes’ communities are professionally managed and offer on-site maintenance. Floorplans and additional details are available by visiting Avilla Homes at avillahomes.com.