Mill Creek Residential today announced it has broken ground on Amavi Coddle Creek, a three-phase master-planned community in the northern Charlotte metropolitan area. The development will mark Mill Creek’s initial entry into the emerging single-family build-to-rent sector.
An increasing number of multifamily owners and operators are looking to expand in build-to-rent single-family housing because the single-family asset class is on track to outperform other real estate sectors over the next decade. Suburban Sun Belt markets, specifically, present the most overlap.