Steve La Terra, a former real estate analyst, has officially launched TerraLane Communities with plans to build more than 1,100 upscale luxury single-family rental homes in metro Phoenix within the next two years.

With $250 million in assets already under development for five communities in metro Phoenix, plans call for expanding into Colorado, Utah, Texas and perhaps even to Florida, Georgia and the Carolinas, said La Terra, who serves as CEO of TerraLane Communities.

"I have been studying this space for years before I launched into it," he said.

To continue reading, click here.

By Angela Gonzalez, Senior Reporter, Phoenix Business Journal