Northmarq announces sale and financing of Yardly Paradisi build-to-rent community in Phoenix MSA

SURPRISE, Ariz. — Northmarq has arranged the sale and financing of Yardly Paradisi, a newly constructed 193-unit build-to-rent (BTR) community located in Surprise, Arizona, part of the Phoenix metropolitan area.

Northmarq’s Phoenix-based Investment Sales team, led by Trevor Koskovich, Jesse Hudson and Logan Baca, represented the seller, Taylor Morrison. The deal is part of Northmarq’s ongoing collaboration with Taylor Morrison to deliver purpose-built rental communities across the country.

The buyer, Christopher Todd Capital (a sister company of Christopher Todd Communities), is a leading BTR operator and investor known for its innovative approach to single-family rental living. Brandon Harrington, Bryan Mummaw, Bryan Liu, Christopher Gitibin and Tyler Woodard of Northmarq’s Debt + Equity platform secured $32.76 million in acquisition financing on behalf of the buyer.

“Christopher Todd Communities is a valued Northmarq client with a clear long-term strategy of acquiring and operating high-quality BTR assets,” said Trevor Koskovich, president of Investment Sales. “Paradisi represents a strong fit within their expanding national footprint.”

Developed in 2024 by Taylor Morrison, Yardly Paradisi is part of the national Yardly BTR brand and features high-end finishes, smart home technology and resort-style amenities. The gated community includes private backyards, fitness center, heated pool and a dog park with agility equipment. Each home is designed with ground-floor living and minimal wall-sharing, offering residents a quieter, more private lifestyle.

Located along the Loop 303 freeway in Surprise, the property benefits from direct access to major employment hubs and retail centers, including the Village at Prasada and the City at Surprise development. The area has seen a 12% population increase since 2020 and is projected to exceed 230,000 residents by 2030. The Phoenix MSA continues to rank among the top U.S. markets for industrial growth and BTR demand, with rental rates in the sector commanding a 21% premium over traditional multifamily housing.