Scottsdale developer working with Portico on leasing Arizona build-to-rent projects

As home prices continue climbing and mortgage rates start rising, many prospective homebuyers are opting out of the house hunt.

An affiliate of MODERNE Communities of Scottsdale (Randy Bury, founder and owner) MC RB Land 154 Marana LLC, purchased 154.55 acres of raw land at the southeast corner of Wentz and Marana Roads.

The Scottsdale, Arizona–based real estate development company sold the 185-home community to RSE Capital Partners.

We are pleased to announce that Argosy Real Estate Partners, in partnership with Moderne Communities, has acquired an approximately 14-acre, fully-entitled site for the ground-up development of Moderne at Roosevelt.

Tucson’s real estate market is staying hot, with year-over-year home prices up nearly 20% in certain neighborhoods. This is attracting a variety of investors and developers, with different plans on how to take advantage of the demand.

Rocking K a new master-planned community in the southeast Tucson area of Vail, Arizona, at the foot of the Rincon Mountains near Saguaro National Park, has been selected as a site for a Moderne Communities’ latest build-to-rent.

We are pleased to announce that Argosy Real Estate Partners, in partnership with Moderne Communities, has acquired an approximately 17-acre, fully-entitled site for the ground-up development of Moderne at Rocking K.

Following the success of his first build-to-rent residential project in Las Vegas, a longtime homebuilder is embarking on a pair of similar projects in Arizona.

Randy Bury, founder and president of Moderne Communities and manager of RB Land Barnett Partners, LLC sold phase two of The Village at Barnett to DR Horton.

MODERNE Communities recently entered an agreement with Greystar Management Services, L.P. to oversee leasing and property management.

MODERNE Communities, a privately held residential real estate development company under the direction of real estate veteran and home builder, Randy Bury, purchased 14-acres in the city of North Las Vegas.