Buckeye Targeted for Wildly Popular Build-to-Rent Project

Article originally posted on Phoenix Business Journal on January 11, 2021

What could be the first build-to-rent community to be built in Buckeye is in the works.

Scottsdale-based Matrix Equities paid $5.68 million for a 37-acre parcel east of the southeast corner of Watson Road and Papago Freeway within the Sundance master-planned community in Buckeye, according to Vizzda LLC, a Tempe-based real estate database. An entity tracing to Thomas Rietz sold the residential zoned parcel for $153,752.37 per acre.

Howard Weinstein and Patty Lafferty of The Land Agency represented the sellers in the deal. Matrix officials could not be reached for comment.

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This 37-acre parcel outlined in yellow could be the  first build-to-rent community to be developed in Buckeye.