Christopher Todd Communities Built By Taylor Morrison Invests In Houston

Buys 18.8 Acres In The Cypress Area For A New Luxury For-Rent Community

Houston, TX (January 6, 2022) — Multi-family housing innovator Christopher Todd Communities and America’s Most Trusted® Home Builder Taylor Morrison Home Corporation (NYSE: TMHC) are bringing a new gated Single-Story Rental Community (SRC) to Cypress located off Grand Parkway and West Road. The community is also adjacent to Taylor Morrison’s planned 480-acre Avalon at Cypress community that will offer for-sale homes.

Christopher Todd Communities At Cypress, will include 240 newly-designed single-story homes on almost 19 gated acres. The one, two and three-bedroom smart homes are expected to range from approximately 750-1,250 square feet and include private maintenance-free backyards, pet doors, smart home technology and will be complemented by resort-style amenities including a pool, Fitness Center, Event Lawn and dog park. This project marks the partnership’s first jointly branded luxury rental community in the greater Houston area.

Under terms of the agreement Taylor Morrison serves as land sourcer, developer and builder, with Christopher Todd Communities providing its successful brand playbook that includes best-in-class community design details, asset management consulting and the promise of A New Way To Live®.

“This move expands our Houston customer base to include those seeking the convenience of a rental without sacrificing the lifestyle of a single-family-home community,” said Taylor Morrison Build-To-Rent National President Darin Rowe. “Meeting this demand among millennials and baby boomers gives us the opportunity to be with customers in every move they make and if and when they are ready, we’re here to help them transition from renting to buying.”

Initial leases at Christopher Todd Communities At Avalon are targeted for later 2023.

In addition to Texas, land sourcing efforts are underway in Arizona, North Carolina and Florida with other expansion market announcements planned for next year.

“Christopher Todd was an early innovator in the Build-To-Rent luxury living niche, creating A New Way To Live® with our resort-inspired communities. Our strategic partnership with Taylor Morrison allows us to deliver the experience to more people in new markets where the demand is strong,” said Todd Wood, CEO of Christopher Todd Communities.

Comprised of well-appointed single-story, pet-friendly smart homes, the communities are less dense than typical garden-style apartments, with no one above or below, no stairs to navigate and private backyards that provide personal space and an improved sense of wellness.

The deal was brokered by John Santasiero, CEO of Riverway Properties. Taylor Morrison is currently seeking additional properties for development. Please contact Bob Stephan (bstephan@taylormorrison.com) at Taylor Morrison regarding such opportunities.

About Christopher Todd Communities
Christopher Todd Communities is the leader Build-To-Rent communities, specializing in Single-Story Rental Communities (SRC) which are amenitized, gated planned communities designed specifically for renters. The company has a proprietary playbook for their branded, technology-forward, luxury single-story rental homes with private backyards and doggy doors in professionally managed, smart-gated communities, resulting in faster lease ups, high retention, optimized rent rates and dynamic investor returns. Christopher Todd Communities is an “asset maximizing” company, creating enhanced value though the branded community and lifestyle experience. www.ChristopherTodd.com

About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is the nation’s fifth largest homebuilder and developer. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and 55-plus active lifestyle homebuyers under our family of brands—including Taylor Morrison, Esplanade, Darling Homes Collection by Taylor Morrison and Christopher Todd Communities Built by Taylor Morrison. From 2016-2022, Taylor Morrison has been recognized as America’s Most Trusted® Builder by Lifestory Research. Our strong commitment to sustainability, our communities and our team is highlighted in our latest annual Environmental, Social and Governance (ESG) Report.

For more information about Taylor Morrison, please visit www.taylormorrison.com.

CONTACTS:
Christopher Todd Communities
Martha Moyer Wagoner
(602) 861-8006
martha@liveatctc.com

Taylor Morrison
Alice Giedraitis
(480) 840-8137
agiedraitis@taylormorrison.com