Cavan has been developing real estate here for more than 50 years and has been a Build-to-Rent developer in Arizona since 2016, building single-story rental communities under The Bungalows™ brand from the Phoenix metro to Casa Grande and Prescott Valley.
Arizona is where Cavan designed, built and refined The Bungalows: neighborhoods of single-story, detached rental homes with private yards, run by a professional management team. Thirteen Arizona communities are leasing today, two of them adding new phases, and eight have been developed, leased and sold.
Figures as of October 2026.
Visit a community’s website for availability, pricing and tours.
Metro Phoenix, as of mid-2026
Jobs added in metro Phoenix from 2019 to 2025, the second-highest rate among major U.S. metros.
Source: Cavan Phoenix Market Update, August 2026, compiled from GPEC and Arizona Office of Economic Opportunity data.Apartment units absorbed over the trailing year, with vacancy at a three-year low as absorption outpaced new deliveries in the first half of 2026.
Source: Cavan Phoenix Market Update, August 2026, compiled from Kidder Mathews / CoStar and Northmarq, Q2 2026.Build-to-Rent units Phoenix is projected to absorb versus start from 2026 through 2028.
Source: Cavan Phoenix Market Update, August 2026, compiled from Berkadia and Marcus & Millichap research.Long-term demand and near-term competition are separate questions, and we look at both.
Metro Phoenix has added jobs and residents for decades. Recent semiconductor, battery and healthcare investment is concentrated in the North Phoenix and West Valley corridors, where Norterra, Asante, Sarival, Lakin Park, Sundance and Cotton Lane are located.
A wave of new apartment supply pressured rents and slowed lease-up across the Valley. Construction has since pulled back sharply, and absorption has outpaced new deliveries in 2026.
Arizona is where Cavan built, tested and refined The Bungalows before taking them to Omaha and Kansas City.
Every Bungalows community is single-story, detached and professionally managed. See the homes, floor plans and shared amenities that go into each one.
Explore The Bungalows →Cavan has been developing real estate in Arizona for more than 50 years and has built 21 Bungalows communities in the state since 2016. Thirteen are leasing today, and eight have been developed, leased and sold.
The homes are single-story and detached, with private fenced yards, their own front doors and no shared walls. They sit in professionally managed neighborhoods with a pool, clubhouse and shared amenities.
Surprise, Maricopa, Buckeye, Queen Creek, Litchfield Park, Goodyear, Phoenix, Casa Grande and Prescott Valley. Each community’s website lists current availability, pricing and tours.
Cavan’s current offerings are for new communities in Omaha and Kansas City. They are available only to verified accredited investors. See current offerings.
Find a community near you, or see the offerings for the communities we’re building now.
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