Company: Porter Kyle Taylor Shultz is a partner of Porter Kyle, a Phoenix, AZ-based vertically integrated builder and developer that builds for its own portfolio and serves as a third-party general contractor on build-to-rent and multifamily projects for other developers. He brings over 20 years of experience in acquisition, development,
Multifamily Investment Momentum Builds Despite Market Headwinds The multifamily sector continues to attract significant investor attention as we close out 2025. Improved capital access and rising transaction volumes are working to offset lingering economic uncertainties. Recent market reports from CBRE, RealPage, and MSCI paint a picture of cautious optimism, though
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 &
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 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
Phoenix Metro clearly has established itself as America’s undisputed economic powerhouse. Proof point No. 1: Eight Phoenix-area cities now rank among the top 10 municipalities nationwide with the strongest economic growth. If you want more evidence: the Phoenix metro achieved an extraordinary GDP growth between 2019 and 2023, while business
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