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DISTRICT FLATS

112 UNITS | Mesa, AZ

  • Acquisition Date March 2020

  • Purchase Price $13M

  • Down Payment and Renovation Costs $5.15M

  • Loan 10-Yr Floating Interest Rate, Non-Recourse Agency Loan

  • Deal Structure 506(B) Syndication 

  • Unit Mix 33 Studio | 78 1BR/1BA | 1 2BR/1BA

  • Projected Hold Term 3-5 Years

 
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VILLA SERENA

137 UNITS | Phoenix, AZ

  • Acquisition Date August 2019

  • Purchase Price $17.6M

  • Down Payment and Renovation Costs $5.8M

  • Loan 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan

  • Deal Structure 506(C) Syndication 

  • Unit Mix 74 2BR/2BA | 63 1BR/1BA

  • Projected Hold Term 3-7 Years

  • Projected IRR 14.5% IRR

  • Projected Equity Multiple 1.8X

 
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SCOTTSDALE 5TH

59 UNITS | Scottsdale, AZ

  • Acquisition Date August 2019

  • Purchase Price $6.6M

  • Down Payment and Renovation Costs $2.6M

  • Loan 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan

  • Deal Structure Tenant-In-Common (TIC)

  • Unit Mix 27 Studio | 31 1BR/1BA | 1 2BR/2BA

  • Projected Hold Term 10+ Years 

 
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SILVER OAKS

36 UNITS | Phoenix, AZ

  • Acquisition Date February 2019

  • Purchase Price $3.4M

  • Down Payment and Renovation Costs $1.4M

  • Loan 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan

  • Deal Structure Tenant-In-Common (TIC)

  • Unit Mix 26 2BR/1BA | 10 3BR/1BA 

  • Projected Hold Term 1-2 Years

 

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