Seventh
Phoenix, Arizona
Seventh is a 286 unit apartment complex located in the Uptown submarket of Phoenix. The property was built in 1970 and has been owned and operated by a non-profit for 22 years. The opportunity offers significant management and repositioning opportunities. The business plan will include re-branding, enhancing the property’s curb appeal, adding new resident amenities, interior unit renovations, LED lighting to reduce utilities, and implementing professional property management. This undermanaged asset was acquired with a private equity partner and a balance sheet bridge lender.