SCOTTSDALE, AZ — Scottsdale-based homebuilder Taylor Morrison is taking a major step toward expanding its presence in the build-to-rent housing market after finalizing a $3 billion land and construction financing agreement with investment firm Kennedy Lewis.
The financing package will provide substantial capital to scale the company’s Yardly brand, which focuses on professionally managed single-family rental communities. Under the deal, funds will be allocated toward acquiring land, developing new sites, and accelerating construction timelines. Initial expansion efforts will concentrate on Arizona, Florida, North Carolina, and Texas—markets with fast-growing populations and strong demand for rental housing.
The build-to-rent sector has gained momentum in recent years as more households seek the flexibility of renting with the space and privacy of a single-family home. By partnering with Kennedy Lewis, Taylor Morrison is positioning itself to take advantage of this trend and strengthen its competitive footprint across multiple states.
This strategic investment also reflects a broader industry shift toward diversifying housing offerings beyond traditional for-sale models, aiming to serve a wider range of lifestyle and financial needs.
