SE Corner Rodeo and Peart - 120 Acres for Build-to-Rent (up to 565 homes)

The combination of strong household growth, substantial unmet housing demand, workforce expansion, and affordability pressures is creating an attractive environment for residential development in Casa Grande. Major employers—including Lucid Motors, Walmart distribution centers, Banner Health, Abbott, and Frito-Lay—are helping drive employment and household growth, supporting continued demand for well-located housing. Casa Grande is experiencing sustained population and economic growth, with the City’s 2025–2029 Housing Needs Assessment estimating demand for approximately 1,142 new housing units annually to accommodate projected growth across single-family, build-to-rent, manufactured and multifamily housing. Against this backdrop, a 565-home build-to-rent community would represent a significant, but still readily absorbable, portion of the City’s near-term housing demand. The scale of the opportunity, combined with Casa Grande’s growing employment base, positions the property to benefit from continued demand for new housing. The 120-acre property is approved by the City for development as a build-to-rent community with up to 565 detached homesites, providing an investor with a substantial residential development opportunity in a growing market. In addition, ongoing litigation in Maricopa County concerning water-right requirements for planned area developments could potentially result in changes to Arizona requirements that may expand the range of development and disposition options available to this property, including potentially permitting the sale of individual, non-rental homesites. Buyer should independently verify all information, including property location, acreage and dimensions, City approvals and zoning, development entitlements, and water rights.