By Angela Gonzales | Phoenix Business Journal
A Scottsdale-based international real estate asset management company that owns 81,000 acres nationwide is making a big play for the wildly popular build-to-rent home market.
Walton Global Holdings — which last year moved its headquarters to Scottsdale from Calgary, Canada, where it was founded more than 40 years ago — is launching a build-to-rent, or BTR, line of business to develop 2,500 single-family rental units across the country, including metro Phoenix.
With so much of its own land on hand, the company is in a position to bring single-family rentals to market faster than other homebuilders that are still trying to find land said Paul Megler, executive vice president of Walton Global Holdings.
Megler is in talks with various homebuilders, apartment developers and others in the business to create joint ventures to develop these communities.
Of the 81,000 acres across the U.S., about 9,000 acres are in the Valley, he said.
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