As we head into the final quarter of 2025, Porter Kyle is excited to bring you the latest insights shaping housing, investment, and development across Phoenix and beyond. In this edition, we cover key market trends—from the national housing shortage and rental rebound highlighted by JPMorgan and John Burns to Phoenix’s ongoing economic momentum fueled by tech giants like Nvidia and TSMC. We also explore how luxury rental communities are attracting high-net-worth residents, reflecting a broader shift in housing preferences as ownership becomes increasingly out of reach.
We’re also thrilled to share an update from the field: The Wayne in Chandler has completed all underground work, started foundation pours, and will begin vertical construction in the coming weeks. Each article in this newsletter offers actionable insights for investors, renters, and industry professionals alike. Don’t miss a beat—sign up to receive Porter Kyle updates directly and stay informed on the projects, trends, and opportunities driving the Valley’s housing and real estate market forward.
Phoenix continues to demonstrate its staying power as a top-tier multifamily market, maintaining its position as the 10th-ranked market in PwC and Urban Land Institute’s prestigious Emerging Trends in Real Estate 2026 report. This marks the second consecutive year Phoenix has held within the top 10 markets to watch, signaling sustained confidence
The Cleveland, Porter Kyle’s 100-home build-to-rent community in Goodyear, has hit a significant milestone by reaching 50% leased just months after its grand opening. The achievement reflects strong market reception for thoughtfully designed single-family rental living in one of Phoenix’s most dynamic growth corridors. “Hitting the 50% leased benchmark is
Each year, PTK magazine — a publication of AZ Big Media — showcases the top people and projects to know in Arizona’s commercial real estate sector. Pulling from a competitive pool of nominations and the editorial board’s knowledge of the industry, this annual edition highlights 50 meaningful projects across all
BTR/Land Deal of the Year This award will recognize the best BTR or land deal of the past year. Factors to consider include land acquisition to entitlement and construction, deal size, due diligence, community relations and sale structure. Finalists: ARK Homes for Rent – The Station at Kentmere Berkadia –
Porter Kyle’s $60-million The Wayne build-to-rent townhome community in Chandler continues to move full steam ahead—this time with visible momentum above ground. The development has officially completed all underground utilities and stormwater systems, paving the way for foundation work and vertical construction to begin. “Finishing underground is a huge milestone,” said Taylor Shultz,
A new wave of wealth and a shifting affordability landscape are reshaping the housing market in Greater Phoenix — and redefining what “home” means for both affluent and aspiring residents. Between 2019 and 2023, the number of millionaire renters in Greater Phoenix rose by 519%, making it the fastest-growing millionaire hub in
If you’ve been watching the housing headlines lately, you know the story has shifted. After years of soaring prices and bidding wars, the conversation is no longer about frenzy — it’s about balance. But that balance is proving harder to find than anyone expected. According to JPMorgan’s latest housing analysis, the
In an environment where housing affordability, demographic shifts, and institutional capital are converging, Build-to-Rent (BTR) has quickly evolved from a niche development model to one of the most sought-after alternative real estate sectors. For wealth managers and RIAs, the strategy offers exposure to the long-term fundamentals of U.S. housing, paired
Taylor Shultz Taylor Shultz, Partner at Porter Kyle, leads a Phoenix-based builder and developer focused on townhome-style build-to-rent multifamily projects. Shultz brings more than two decades of expertise in multifamily acquisitions, development, financing, and management, with Porter Kyle overseeing three BTR developments totaling about $150 million in entitlements across Phoenix’s
Goodyear, AZ, September 17, 2025 — Porter Kyle, a Scottsdale-based vertically integrated multifamily BTR developer and general contractor, announced the closing of a $28,500,000 refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival Avenue, Goodyear, AZ. The financing was arranged by Northmarq’s Debt &
$28.5 Million Refinance Validates Success of Porter Kyle’s Premier Build-to-Rent Community The Cleveland’s recent $28.5 million refinancing represents an important validation of Porter Kyle’s development strategy and execution capabilities in the competitive build-to-rent sector. This newly delivered 100-home community in Goodyear, Arizona has achieved remarkable success metrics that attracted significant
The build-to-rent (BTR) townhome market continues to gain momentum as more renters seek housing options that combine the comfort of single-family living with the flexibility of renting. For today’s renters, the appeal of a townhome goes well beyond square footage—it’s about lifestyle, convenience, and long-term livability. A recent Zillow study
Porter Kyle, a Scottsdale-based multifamily builder and developer specializing in horizontal, build to rent space, is quickly adding new luxury townhomes across the Valley, with more than 250 units in different stages of construction and entitlement and the recent sale of their 18-unit Monarch Luxury Townhomes. Located at 2335 E. Utopia Road in North Phoenix,
The multifamily sector is experiencing a fundamental shift in demand dynamics that extends far beyond headline absorption numbers. While the industry’s achievement of 530,000 net absorbed units over the past twelve months represents the strongest performance since the pandemic boom period, the most significant development lies in how this demand
A Vision That Hit the Mark When Porter Kyle set out to develop The Ashley, it wasn’t just building another set of rental homes—the BTR developer was anticipating what Chandler’s residents would want next. The firm saw a gap in the market for upscale, low-maintenance living with the feel of
If it feels like Phoenix is in the middle of a boom, that’s because it is. The Valley is no longer just a place for sunshine and golf—it’s turning into one of the most exciting, fastest-growing innovation hubs in the country. From billion-dollar tech investments to new direct flights to
The Phoenix multifamily market is in the midst of a dynamic period defined by record-setting absorption, strong rental demand, and evolving development patterns. Against a backdrop of shifting national housing trends, the metro is seeing robust activity in both traditional apartment construction and the fast-growing build-to-rent (BTR) sector, particularly townhome-style
The American dream isn’t dead—it’s just being redefined. As affordability challenges grow and life paths shift, more people are choosing to rent for longer, and in many cases, permanently. For multifamily owners and developers, this represents more than a cyclical shift—it’s a structural opportunity. Recent data and industry insights paint
Porter Kyle’s $60-million The Wayne Build-to-Rent townhome community in Chandler just cleared a significant milestone that sets the stage for the entire development process to unfold. This month, crews completed the installation of seven storm tanks across The Wayne’s site, which means mass grading and pad development can now begin in
Phoenix has long been known for its sunshine and sprawl, but in 2025, it’s earning a new reputation—as one of the country’s most dynamic engines of economic growth. A confluence of tech sector expansion, manufacturing investment, and historic job creation is reshaping the region’s trajectory and fueling strong demand across
Mid-Year Housing Market Update: A Chilly Spring and Glimmers of Rental Resilience By Taylor Shultz (who attended the John Burns Research webinar, so you didn’t have to) If you were hoping for a mid-year housing market pep talk, the John Burns Research team had some sobering news during their recent
Build-to-Rent Housing Evolves: Porter Kyle Bets on Townhome-Style Communities Housing preferences continue to shift across the U.S., and build-to-rent (BTR) has emerged as a fast-growing segment in residential development. Once dominated by traditional apartment complexes, the BTR model now encompasses a range of formats—single-family detached homes, duplexes, horizontal apartments “villa”,
Millennial Homeownership Trends and the Rise of Build-to-Rent Living Millennials are now America’s largest generation, but when it comes to homeownership, they’re falling far behind their parents—and redefining what the American Dream looks like. In fact, just 47% of Millennials own homes, compared to 65% of Gen Xers and 74% of Baby Boomers, according
Curtain Raised on The Cleveland, Latest PHX BTR Community Makes Debut in West Valley Porter Kyle reached a key milestone on The Cleveland Build-to-Rent (BTR) project in Phoenix’s West Valley. The Scottsdale-based vertically integrated multifamily builder and developer recently commemorated the opening of the 100-unit townhome-style BTR community located in
Phoenix Market Surges as Advanced Manufacturing, Population Boom Shape the Region’s Future Phoenix is undergoing a remarkable transformation that’s as unexpected as it is uplifting, fueled by explosive growth in advanced manufacturing and a population boom in the East Valley. Recent reports from the Arizona Commerce Authority (ACA), Site Selection