209 New Built-to-Rent Luxury Townhomes Set to Go on Market in Gilbert

Mosaic, the nation’s leading institutional-grade general contractor, is nearing completion of the first homes at Town Germann, a 209-unit community by Family Development, a California-based build-to-rent developer. Family Development has begun pre-leasing the first of the luxury townhomes for imminent occupancy, beginning in the spring of 2023.

Family Development and Mosaic joined forces in late 2022 to expedite high-quality development of the build-to-rent community as the Phoenix metro area continues to experience explosive population growth. Town Germann provides needed homes and a superior rental experience for families and individuals.

“Build-to-rent communities are not only addressing the housing availability gap in Arizona, but they also address a rising demand for mid- and upper-level rentals,” said Ron Gonski, SVP of Growth at Mosaic. “Town Germann exemplifies what’s possible for a new generation of discerning renters.”

“Town Germann offers a community that feels like a 5-star resort for a generation of residents who care deeply about their living experience, but either do not want to be homeowners or have been priced out of the current for-sale market,” added Vince Barbato, Principal of Family Development. “Mosaic has done a superior job preparing the initial phase of units for our first tenants and is moving quickly to complete this state-of-the-art community, which sets a high standard for build-to-rent in the region.”

Located just west of the intersection of Lindsay Road and Germann Road in Gilbert, AZ, Town Germann offers a first-class living experience in luxury townhomes with open floor plans, two- and three-bedroom options, and attached two-car garages. Units range between 1,192 to 1,379 square feet. Tenants will have access to a plethora of amenities, such as a central resort pool and spa, barbecue area, fitness center, large central park, ramada, dog park, multiple pocket parks, and walking trails.

Mosaic is a national general contractor creating Build-to-Rent communities for America’s most innovative developers. The company’s turn-key general contracting services extend from pre-development through horizontal and vertical construction, to warranty. Mosaic’s digital platform for homebuilding standardizes every step of the company’s services, and has enabled the company to rapidly scale into the nation’s fastest growing markets.

Mosaic’s 150+ construction and technology experts bring operational experience from nearly 100 communities and 20,000 BTR units. The company has expanded from Arizona to high-growth regional markets in Colorado, Texas, Idaho, California, Utah and Florida. Learn more about building with Mosaic at www.mosaic.us.

Greater Phoenix In Business Magazine

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