GTIS Partners has launched Tavalo, a dedicated build-to-rent community development company and a subsidiary of GTIS.
Tavalo has already completed its first of many planned build-to-rent community projects, called Tavalo at Cadence, which is located in Mesa, Ariz., and includes a total of 197 build-to-rent units, a fully equipped gym, a yoga studio, three resort-inspired pools and a spa. Additionally, by using HercuWall, a panelized wall system comprised of concrete, steel and EPS, energy costs at Cadence have been reduced by 20 percent to 40 percent.
“The unique value of self-developing these build-to-rent projects is that we can bring our team's collective expertise and research capabilities together to create and provide beautiful and thoughtful communities for renters across the United States,” said Tom Shapiro, president and CIO of GTIS.
In addition to Tavalo at Cadence, the company has begun work on seven additional build-to-rent communities in both the
