Suites on ScottsdaleScottsdale, Arizona Suites on Scottsdale is a 114-room extended stay hotel that Sterling will be converting into an upscale, 85-unit apartment complex. The property is located between downtown Scottsdale to the South, the prestigious Paradise Valley neighborhood to the West, and the Scottsdale Airpark Employment Corridor to the North, boasting nearly 90,000 jobs.…
Hotel Tucson City CenterTucson, Arizona Originally built in the 1960’s, the 278-unit Downtown hotel will be transformed into a modern, 210-unit apartment complex featuring luxury unit interiors and updated amenities. The site is located adjacent to the historic El Presidio neighborhood of downtown Tucson. Its proximity to Downtown and direct access to the I-10 make…
Mark at 87 ApartmentsMesa, Arizona Mark at 87 apartments is a 92-unit multifamily community located in Mesa, Arizona. Built in 1970, the property is situated in the exploding East Valley of Metro Phoenix. The consistency of unit size and proximity to employment, education, and entertainment situates this community as a great fit for young professionals…
Sterling AvondaleAvondale, Arizona This 9.6 acre parcel of land is located in the heart of Avondale’s rapidly expanding community. The proposed 238-unit, Class A apartment complex will feature luxury unit interiors, a resort style pool, state of the art fitness center, furnished outdoor lounge, and more. The land is located in a Qualified Opportunity Zone (QOZ) which…
Pennytree ApartmentsMesa, Arizona Originally built in the 1960’s, the 146-unit property, Pennytree Apartments, is strategically situated at 232 S. MacDonald, which is less than a mile from the growing number of eateries, breweries and local retail options in Downtown Mesa. At the time of transaction, the property remains 99 percent occupied. In the coming months,…
The Life at Castle Hills ApartmentsSan Antonio, Texas The Life at Castle Hills is a 230-unit apartment community conveniently located adjacent to Churchill High School in North San Antonio less than one mile south of the Wurzbach and Blanco intersection. Built in 1981, the property is 94% occupied and well maintained for the vintage. The units…
Silver Creek ApartmentsSan Antonio, Texas Silver Creek Apartments is a 160-unit apartment community located near the entrance to USAA’s main headquarters, just west of Fredericksburg Rd, off the I-10 freeway in Northwest San Antonio. Built in 1983, the property is 94% occupied at acquisition and well maintained for the vintage. This acquisition represents an opportunity…
Villas de AzulPhoenix, AZ Villas de Azul is a 301-unit apartment complex located in Central Phoenix. Built in 1972, the property was only 75% occupied and a value‐add opportunity to reposition and stabilize the property to maximize its value. The property will benefit from repositioning the asset profile by improving the current amenities, enhancing the…
Muir LakeCedar Park, Texas Muir Lake is a 332 unit class A apartment community located in the Austin, TX MSA city of Cedar Park, TX. The property was built in 2014 by the Larry Peel Company, who is known for high-quality properties in unique geographically, challenged locations. Muir Lake sits on 64 acres and overlooks a…
Before & AfterCieloPhoenix, Arizona Cielo Apartments is a 360 unit apartment complex located on a new light rail station in the emerging “19 North” submarket of Phoenix. Built in 1981, the property is 94% occupied and well maintained for the vintage. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy including,…
