Sunbelt Holdings, a Scottsdale-based master-planned community developer, Rockpoint, a Boston-based real estate private equity firm and Mosaic, a full-stack build-to-rent (BTR) development platform, have completed the first homes at The Hillburn, Sunbelt’s first luxury BTR community was acquired in 2022 and is located in North Phoenix’s Sonoran Foothills.
Upon completion, The Hillburn will offer 283 new rental homes, including a mix of townhomes and single-family detached residences, along with a private clubhouse and a wide selection of lifestyle-focused community amenities. The community will feature three-bedroom townhomes ranging from 1,729 to 2,291 square feet, in addition to two-, three- and four-bedroom single-family detached homes ranging from 1,323 to 2,338 square feet. Showcasing modern designs and distinctive architectural elements, all homes at The Hillburn provide attached garages, covered patios and porches, and private yards.
The new gated, for-lease community will offer a variety of family- and pet-friendly amenities, including a 6,200-square-foot clubhouse with a pool, fitness center, golf simulator, and gathering spaces; a dog-walking area/park; a kids’ playscape; and a basketball court. Strategically planned to capture the beauty of the surrounding Bronco Butte and natural Sonoran Desert, The Hillburn offers gorgeous views from nearly every angle.
“We are excited to be partner with Mosaic to develop Sunbelt’s first build-to-rent lifestyle community—combining our expertise in creating exceptional places to live, work and play with Mosaic’s category-defining general contracting platform in the BTR sector,” said John Graham, Chairman and CEO of Sunbelt Holdings. “The Hillburn community has been thoughtfully planned to offer high-quality and distinctive home options, a selection of family- and pet-friendly lifestyle amenities, all with the flexibility of renting.”
“Teaming up with Sunbelt Holdings, renowned for its expertise in master planned community development, has enabled our respective project partners to seamlessly deliver an exceptional build-to-rent community,” stated Alex Pollack, VP of Partnerships at Mosaic.
Located near the $65B Taiwan Semiconductor Manufacturing Co. (TSMC) facility, slated to begin production in 2025, The Hillburn’s BTR community will meet housing demand for the area’s workers, including an estimated 6,000 direct jobs and tens of thousands of indirect jobs being generated by the plant’s construction.
