Dominium is making a bold move into Arizona’s build-to-rent (BTR) market with its first affordable townhome community in Maricopa. Here’s what real estate investors need to know:
📍 Project Snapshot
- Name: Saddleback Village at Stonegate
- Developer: Dominium (Minnesota-based)
- Location: Maricopa, AZ
- Type: Affordable Build-to-Rent townhomes
- Total Units: 215
- Unit Mix: 2–4 bedrooms
- Estimated Rents: $1,515–$1,953 (well below fair market value)
- Target Tenants: Households earning ≤60% of AMI (e.g., $47,160 for a single person)
🏗️ What’s Included
- Private backyards, Energy Star appliances, granite counters
- Community perks: grilling stations, trails, play areas, and a community center
- Some units wheelchair accessible
📈 Investment Angle
- Huge demand from families seeking affordability and space
- Dominium expanding rapidly: 5,763 units started in 2024 (No. 2 on NMHC’s developers list)
- Maricopa’s low-density zoning opened doors for this lower-density project (10–12 units/acre)
📣 Why It Matters
- Signals rising institutional interest in affordable SFR/BTR models
- Opportunity for investors to watch: Affordable BTRs are rare and may fill a massive need gap