
11755 W. Thompson Ranch Rd | El Mirage, AZ
Visit Doc CenterThe Opportunity
Berkadia is pleased to present Avilla Grand, a 267-unit horizontal Build-to-Rent (“BTR”) community located in Phoenix’s rapidly growing Northwest Valley.
Completed in 2024, the Property offers a complementary mix of one-, two-, and three-bedroom residences averaging 943 square feet within a thoughtfully designed low-density site plan of just 10.5 homes per acre. Designed to deliver the privacy and functionality of single-family living with the convenience of professionally managed rental housing, Avilla Grand represents a compelling opportunity to acquire an institutional-quality asset within one of the nation’s fastest-growing BTR markets.
Each residence features a private entrance, fenced backyard, and open-concept floorplan complemented by modern interior finishes including granite countertops, stainless steel appliances, wood-style flooring, smart-home technology, and full-size washers and dryers. Combined with a curated amenity package and home-oriented design, Avilla Grand offers a highly differentiated living experience that continues to resonate with today’s renter.
Strategically positioned within the Northwest Valley, Avilla Grand benefits from access to several of Metro Phoenix’s most significant employment drivers, including the Deer Valley and North Phoenix employment corridors, the rapidly expanding Loop 303 growth corridor, and the Southwest Valley industrial market. The area continues to experience substantial economic investment led by TSMC, Amkor Technology, and a growing network of advanced manufacturers and suppliers, reinforcing long-term job growth and housing demand.
Further supporting the property’s durable renter base, Avilla Grand is surrounded by a diverse healthcare network comprising more than 30,000 jobs within a 10-mile radius, a demand driver bolstered by the nearby Sun City active-adult community and the region’s growing population. Healthcare professionals currently represent 15.7% of the property’s resident base, highlighting the community’s appeal to stable, recession-resistant employment sectors.
Avilla Grand is uniquely positioned to benefit from favorable supply and demand dynamics. Within a five-mile radius, there are no multifamily communities under construction and only one active leasing project, which targets the attainable housing segment. At the same time, BTR communities across the Northwest Valley continue to outperform conventional multifamily properties, achieving a 19.0% rent premium while maintaining occupancy of 94.9%. These fundamentals underscore growing renter preference for low-density housing and support the sector’s long-term revenue growth potential.
As affordability challenges continue to limit homeownership opportunities, Avilla Grand is ideally positioned to capitalize on sustained demand for high-quality rental housing. Offering institutional-quality construction, limited competitive supply, durable employment drivers, and proven BTR outperformance, the Property represents a rare opportunity to acquire a premier horizontal rental community within one of Metro Phoenix’s most desirable growth corridors.
Avilla Grand is offered free and clear, providing investors the flexibility to capitalize the asset through today’s evolving debt and equity markets.
Investment Highlights
Premier Low-Density Build-to-Rent Community
Avilla Grand is a premier horizontal Build-to-Rent community comprised of 267 residences featuring a diverse mix of one-, two-, and three-bedroom floorplans averaging 943 square feet. Developed at just 10.5 homes per acre in 2024, the community delivers a highly differentiated living experience through private entrances, fenced backyards, and modern interior finishes, offering residents the privacy and functionality of single-family living with the convenience of professionally managed rental housing. With 69% of the unit mix comprised of larger two- and three-bedroom homes, institutional-quality construction, and a thoughtfully designed low-density layout, Avilla Grand is well-positioned to meet growing renter demand for space, flexibility, and a more home-oriented lifestyle within the Northwest Valley.
Limited Competitive Supply Supports Future Rent Growth
Limited near-term multifamily supply continues to support a favorable operating environment, with no multifamily communities currently under construction and only one lease-up property within a five-mile radius. With the lone lease-up project targeting the attainable housing segment, competition for premium horizontal BTR product remains minimal. Coupled with strong population and employment growth, these supply dynamics support sustained renter demand, occupancy stability, and future rent growth.
BTR Outperforms Conventional Multifamily in the Submarket
Build-to-rent communities continue to outperform conventional multifamily properties across the Northwest Valley, driven by strong renter demand for greater privacy, outdoor space, and a more home-oriented living experience. As a result, BTR communities consistently achieve stronger operating fundamentals, maintaining average occupancy of 94.9% while commanding average rents of $1,741 per month, representing a $278 monthly premium and 19.0% rent advantage over traditional garden-style apartments. This sustained outperformance highlights the growing preference for BTR housing and reinforces its long-term rent growth potential.
High Mortgage Rates And Limited Resales Bolster Build-To-Rent Demand
Rising homeownership costs continue to strengthen demand for Build-to-Rent housing, with homeownership in the Northwest Valley costing approximately $1,204 more per month than renting a comparable residence, making renting 71% more cost effective. As affordability challenges persist, the annual income required to purchase a median-priced home exceeds median household income by $38,147, forcing many traditionally
homeownership-oriented households to remain renters. This growing affordability gap is expanding the pool of higher-income renters and supporting sustained demand for premium BTR communities that offer the space, privacy, and lifestyle benefits of homeownership without the associated financial commitment.
Strategically Positioned Near Major Employment Corridors
Avilla Grand is strategically located within the Northwest Valley, providing convenient access to several of Metro Phoenix’s largest employment hubs, including the Deer Valley Corridor, I-17 Corridor, Bell Road Corridor, South Peoria, the Southwest Valley industrial Corridor, and the rapidly expanding Loop 303 growth corridor. Together, these employment centers support more than 127,000 jobs across a highly diversified mix of advanced manufacturing, healthcare, financial services, logistics, aerospace, and technology industries. Further bolstering the region’s long-term growth outlook, transformative investment from TSMC, Amkor Technology, and a growing network of semiconductor suppliers continues to drive job creation, population growth, and housing demand throughout the Northwest Valley.
Healthcare Infrastructure Supports Durable Rental Demand
The Northwest Valley is home to one of the region’s largest and most resilient employment sectors, with more than 30,000 healthcare employees located within a 10-mile radius and 11 major medical facilities anchored by leading providers including Banner Health, HonorHealth, Abrazo Health, Phoenix Children’s, and Valleywise Health. Driven by continued population growth and the healthcare needs of nearby Sun City, one of the nation’s largest active adult communities, this extensive medical network provides a durable foundation of recession-resistant employment. Reflecting the depth of the surrounding healthcare employment base, 15.7% of Avilla Grand’s resident base is employed within the medical industry, reinforcing the community’s ability to attract and retain stable, high-quality renters.
Investment Sales
Mark Forrester
Senior Managing Director
602.526.4800
[email protected]
AZ License #BR006620000
Andrew Curtis
Managing Director
602.571.4190
[email protected]
AZ License #SA676613000
Ryan Boyle
Senior Director
602.510.2972
[email protected]
AZ License #SA661064000
Phoenix Office
2425 East Camelback Road,
Suite 960
Phoenix, AZ 85016
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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