Q&A: Todd Wood talks securing partnership with Taylor Morrison on hybrid rental homes

Christopher Todd Communities on Greenway is the first project to open. / Phoenix Business Journal

Disclosure: Rose Law Group represents Christopher Todd Communities

By Angela Gonzales | Phoenix Business Journal 

More homebuilders are looking at ways to get into the market for offering detached single-family homes for rent.

These residences are a hybrid between an apartment unit and a single-family home. They typically are single-story, detached, with a small backyard patio and include amenities such as a community pool and fitness center.

The rentals range from 700 square feet to 1,000 square feet with monthly rental rates typically ranging from $1,150 for a single bedroom up to $1,500 for two-bedroom homes.

Scottsdale-based Taylor Morrison Home Corp. (NYE: TMHC) has found its way into the market through an exclusive strategic partnership with Mesa-based Christopher Todd Communities.