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Phoenix Multifamily

Phoenix, Arizona

Acquisition and repositioning of two well-located Class B apartment assets (332 units) in the West Valley of Phoenix, Arizona. 

Investment Highlights:

  • Compelling basis significantly below replacement cost as a result of COVID-driven capital markets dislocation
  • Assets were significantly undermanaged, resulting in identifiable and achievable upside 
  • Successfully executed renovation and repositioning plan, driving strong rent and income growth 
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