Taylor Morrison sells Surprise rental home community

Article originally posted on Phoenix Business Journal on November 25, 2025

Mesa-based Christopher Todd Capital has acquired a newly built rental community from its former development partner.

On Nov. 18, Christopher Todd Capital bought the 193-home property in Surprise from Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) for $55.24 million, according to Tempe-based Vizzda LLC.

The Surprise community has its origins in a now-defunct partnership between the two companies.

In July 2019, Christopher Todd Capital’s affiliated company, Christopher Todd Communities, and Taylor Morrison Home Corp. forged a partnership to build rental communities across the country, starting in Arizona.

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