Sterling on 28th - Phoenix, AZ

DESCRIPTION & STRATEGY:

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Description

Investment Highlights

  • Arranged 70% LTV bridge financing at closing.
  • Private investor capitalization structure.
  • Below market entry point.
  • Under market rents.
  • Under managed opportunity.
  • Repositioning opportunity to update the leasing office, clubhouse, model and common area amenities.
  • Rebranded from Brentwood Apartments Q1 2016.

 

ADDRESS:

11821 North 28th Drive,
Phoenix, AZ

PROPERTY TYPE:

Multifamily

SIZE:

224 Units

PURCHASE DATE:

6/1/15