Taylor Morrison Finalizes $55M Sale of Phoenix-Area BTR Asset to Christopher Todd Capital

Taylor Morrison completes the $55.2M sale of Yardly Paradisi in Surprise, AZ, to Christopher Todd Capital, highlighting the robust Phoenix BTR investment market.

By: AXL Media

Published: Mar 12, 2026, 5:20 AM EDT

Source: https://www.multihousingnews.com/

Asset Rebranding and Community Specifications

Following the acquisition, the property will be rebranded as Christopher Todd Communities Paradisi. Completed in 2024, the development features 193 cottage-style rental homes. The unit mix focuses on high-demand one- and two-bedroom floor plans, averaging approximately 857 square feet. To compete with the luxury "renter-by-choice" segment, each home is equipped with smart home technology and a private backyard. Residents also have access to community-wide amenities, including a gym, a heated swimming pool, and a dog park.

Strategic Location and Market Connectivity

The community is located at 12065 N. 168th Lane in Surprise, roughly 31 miles northwest of downtown Phoenix. Its positioning offers high walkability to the Loop 303 corridor and over 1 million square feet of existing retail space. This submarket has become a focal point for BTR developers due to its rapid population growth and proximity to major West Valley employment hubs. The sale was handled by Northmarq’s Trevor Koskovich, Jesse Hudson, and Logan Baca, who serve as national partners for Taylor Morrison’s BTR dispositions.

Taylor Morrison’s $3 Billion Expansion Strategy

While Taylor Morrison is divesting stabilized assets like Yardly Paradisi, the firm remains aggressively committed to the BTR sector. This sale follows the establishment of a $3 billion land and construction facility with Kennedy Lewis, designed to fuel the massive expansion of the Yardly brand. To date, Taylor Morrison has completed 36 BTR communities, including previous high-profile sales such as Yardly McDowell in Phoenix and Yardly Dechman in Grand Prairie, Texas.