Christopher Todd Communities Built By Taylor Morrison Invests In Dallas-Fort Worth

Two new Build-To-Rent luxury communities coming to Denton and Celina

DALLAS (November 22, 2021)—Multi-family housing innovator Christopher Todd Communities and America’s Most Trusted® Home Builder Taylor Morrison Home Corporation (NYSE: TMHC) are bringing two new Single-Story Rental Community (SRC) projects to DFW. The first is a new gated SRC in Denton located off of Loop 288 and Elm Street. Christopher Todd Communities At Elm plans to have 316 newly designed single-story homes.

Construction will begin in the second quarter of 2022 on another SRC at Cross Creek Meadows, a 250-acre community developed by Corson Cramer Development, located on County Road 87 east of Preston Road in Celina. Christopher Todd Communities At Cross Creek Meadows will have 264 single-story homes. This is the first community with both Taylor Morrison single family homes for sale and a build-to-rent development for the Dallas Division.

“Taylor Morrison is excited to begin development of two more best-in-class single-story for-rent communities that offer a vastly different living experience than traditional apartment living,” said Taylor Morrison Build-To-Rent National President Darin Rowe. “These communities allow Taylor Morrison to love more customers along their housing journey and complement our for-sale business.”

Both communities will feature well-appointed, pet-friendly one and two-bedroom smart homes ranging from approximately 750-1,050 square feet and will include private maintenance-free backyards, pet doors, and smart home technology. The homes are complemented by resort-style amenities including a pool, fitness center and dog park. The communities are less dense than typical vertical apartments, with no one above or below, no stairs to navigate and private backyards that provide personal space and an improved sense of wellness.

“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.

The projects mark the second and third jointly branded luxury rental communities in the Dallas-Fort Worth metroplex announced this year. The first CTC community will be located in Grand Prairie.

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

The Denton deal was brokered by David Davidson, Jr., Edward Bogel, and Ryan Turner of Davidson & Bogel Real Estate. Taylor Morrison is currently seeking additional properties for development. Please contact Sunny Patel (supatel@taylormorrison.com) at Taylor Morrison regarding such opportunities.

About Christopher Todd Communities
Christopher Todd Communities is the leader in Single-Story Rental Communities (SRC), the luxury class of the dynamic build-to-rent real estate niche. The company has a proprietary playbook for their branded, technology-forward, luxury, single-family, single-story, one- and two-bedroom rental homes with private backyards and doggy doors in professionally managed, smart-gated communities, resulting in faster lease ups, higher resident satisfaction and superior renewal rates. 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 2016-2021, 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.