NexMetro Communities, a leading developer of luxury leased-home neighborhoods, has closed on three new land acquisitions in Phoenix and Peoria. Sitework will begin this summer on all of the Avilla rental communities, with the units becoming available to residents within the next 18 to 24 months.
The company’s growth in Arizona brings the total number of Avilla Homes completed and under development by NexMetro to more than 4,800, representing 40 unique investment partnerships in Phoenix, Dallas, Denver and Tampa metro areas. NexMetro has an additional 1,800 homes currently in pre-development.
“Our development team works to identify key locations across the nation that are highly desirable places to live and the Phoenix metro area continues to see strong demand.,” said Brian Rosenbaum, Executive Managing Director of NexMetro Communities. “As a proven leader in the build to rent space, we are proud of the continued popularity of the Avilla brand and our mission to create great places for people of all walks of life to enjoy the lifestyle of a home without the burdens of a mortgage.”
Sitework will begin this summer on the new communities (Avilla Mystic, Avilla Vista Norte and Avilla Broadway), with the units becoming available to residents within the next 18 to 24 months. Avilla Mystic, located in the Mystic master planned community in Peoria near Vistancia, is planned for 254 rental homes; Avilla Vista Norte, located near Anthem in North Phoenix will have 191 homes; and Avilla Broadway, located in southwest Phoenix, will feature 117 homes. The communities are slated to open in 2023.
The detached, single-level 1, 2, and 3-bedroom homes will include hallmark Avilla features such as private backyards and front entries, open floor plans, high ceilings, granite countertops, stainless steel appliances, hard-surface flooring throughout, as well as unique energy-saving innovations. Each neighborhood will be gated and offer garages, covered parking areas, and amenities such as a resort-style pool and spa, outdoor grills, lounge areas, dog parks, walking areas, and open space.
Typically priced competitively with surrounding A-class apartments, Avilla Suncoast will be professionally managed and offer on-site maintenance. Floorplans and additional details are available by visiting Avilla Homes at avillahomes.com.