PHOENIX — A rental community in Surprise has been sold by a national homebuilder for over $32 million.
Yardly Paradisi, a 193-home community located near Cactus Road and Cotton Lane, was sold by homebuilder company Taylor Morrison to Christopher Todd Capital for $32.76 million last week, according to a news release.
As part of the sale, Yardly Paradisi will be rebranded to Christopher Todd Communities Paradisi.
“We are thrilled to add Paradisi to the Christopher Todd Capital portfolio,” CEO and Founder of Christopher Todd Communities Todd Wood said in the release. “Taylor Morrison is a respected national builder known for its quality and thoughtful design — this community exemplifies those traits and aligns perfectly with our brand’s promise of quality, comfort and connection. We look forward to enhancing it further under our ownership.”
More details on West Valley rental community
Yardly Paradisi was developed in 2024 and the complex is a gated community that has several amenities, including a fitness center, heated pool, dog park and private backyards for each house.
Phoenix-based Northmaq’s investment sales team represented Taylor Morrison in the transaction, while Northmaq’s debt and equity platform represented Christopher Todd Capital.
“Both Taylor Morrison and Christopher Todd Communities are valued Northmarq clients with clear long-term strategies that result in high quality, tastefully executed build-to-rent (BTR) assets that consumers demand,” president of Northmarq’s Investment Sales Trevor Koskovich said. “Paradisi represents one of many existing and future BTR communities across a national footprint.”
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