The Build-to-Rent developer Christopher Todd Communities has announced plans to open regional offices in Florida, Texas and Utah to support the creation of new luxury rental home communities.
The first new office has opened in Boca Raton, Florida, and will focus on Tampa/St. Petersburg, Orlando, Sarasota, southwest Florida, Jacksonville, Treasure Coast and the Space Coast. Jeffrey Gersh, formerly at Trez Capital Florida, was named Florida regional president and Matthew Paul, formerly of Alta Terra Real Estate, was named Florida regional vice president.
Dates and locations for the opening of the Texas and Utah offices will be announced at a later time.
“We have invested considerable resources in planning our entry into regional markets whose demographics and migration trends support not only the need, but the desire, for our successful Build-To-Rent cottage-style homes,” said CEO Todd Wood. “The time is right for this kind of expansion. Existing rental products are being absorbed, and more new rental options are in demand.”
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