Christopher Todd Communities built by Taylor Morrison invests in the Charlotte MSA

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Multi-family housing innovator Christopher Todd Communities and Taylor Morrison Home Corporation are bringing a new gated Single-Story Rental Community (SRC) to Monroe located off Highway 74.  

Christopher Todd Communities At Monroe, will include 151 newly designed single-story homes on almost 25 gated acres. The one and two-bedroom smart homes are expected to range from approximately 750-1,050 square feet and include private maintenance-free backyards, pet doors, and smart home technology and will be complemented by resort-style amenities including a pool, fitness center, event lawn and dog park. This project marks the partnership’s first jointly branded luxury rental community in the greater Charlotte area. 

Under terms of the agreement, Taylor Morrison serves as land sourcer, developer and builder, with Christopher Todd Communities providing its successful brand playbook that includes best-in-class community design details, asset management consulting and the promise of A New Way to Live®. 

“This community hits the mark for a broad array of consumers seeking the convenience of a rental with a lifestyle not found at traditional apartments,” said Taylor Morrison Build-to-Rent National President Darin Rowe. 

“The strategic location to Charlotte’s Uptown, I-485 loop and Union County submarket provides an alternative rental product for our young professionals,” said Taylor Morrison’s Vice President of Land Acquisitions Megan Ledbetter, who oversees the Charlotte market. “Additionally, this project will offer a Class A living experience for our millennial and boomer populations, which we anticipate will grow substantially in coming years within the existing Monroe submarket.” 

Initial leases at Christopher Todd Communities at Monroe are targeted for later 2023. 

In addition to North Carolina, land sourcing efforts are underway in Arizona, Texas and Florida with other expansion market announcements planned for this year.    

“Christopher Todd was an early innovator in the Build-To-Rent luxury living niche, creating A New Way To Live® with our resort-inspired communities,” said Todd Wood, CEO of Christopher Todd Communities. “Our strategic partnership with Taylor Morrison allows us to deliver the experience to more people in new markets where the demand is strong.” 

Comprised of well-appointed single-story, pet-friendly smart homes, the communities are less dense than typical garden-style apartments, with no one above or below, no stairs to navigate and private backyards that provide personal space and an improved sense of wellness.