Tower Capital secured $13.9 million for Arise North PHX, a BFR project adjacent to Anthem, a 5,860-acre master-planned community in Phoenix’s North Valley. The project will feature 170 detached units including one, one and half and two bedrooms, averaging 850 square feet. The project is set to commence construction in December 2021 and begin delivering units in Q3 2022. This will be Family Development’s second single story rental project in the Phoenix metro and fourth build-for-rent project in the Phoenix metro. More projects are in the works for Idaho, Texas and California.