Christopher Todd Capital Purchases Arizona BTR Community for $57 Million

PHOENIX--(BUSINESS WIRE)--Christopher Todd Capital has completed its first purchase of a newly-completed Build-to-Rent (BTR) community in Avondale, Arizona, part of Phoenix metro. The company, with offices in Arizona and Florida, purchased the community for approximately $57 million, which is well below what it would cost to build from the ground up today. The Class A fully amenitized community includes 217 one- and two-bedroom homes. It is adjacent to the City’s 90-acre Friendship Park. The se