PASSIVE INVESTMENT OPPORTUNITY WEBINAR

THE RETREAT

RARE OPPORTUNITY TO OWN REAL ESTATE
IN PHOENIX, AZ

OPEN TO ACCREDITED & NON ACCREDITED INVESTORS

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Accredited Investors

Not sure if you’re accredited? Register and jump on a call, we’ll explain everything.

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Non Accredited Investors

These deals are rare to find. If you’re looking to break into Real Estate, this is an excellent opportunity

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Investor Package with Offer Memorandum available after registration

8%

Preferred Return

7-9%

Cash on Cash

16%

IRR

1.98x

Equity Multiple

THE RETREAT APARTMENTS

196 UNITS

Significant Value Add
Opportunity

Good Location

This fantastic, value-add opportunity consists of 197 units.

Built in 1963, this property was purchased off-market, and has been owned and self-managed by the same group since the early 1990s.

The property offers a significant value-add opportunity, as 100% of the units have classic interior finishes, which we will renovate to our platinum interior program

It is nestled in between major freeway systems like the Loop 202, Loop 101 and the US-60, which allows tenants to reach major employment hubs within minutes

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Deal Info

Current Occupancy: 90.9%
Units: 197
Purchase Price: $45,000,000
CapEx: $4,125,000
Current Rents $1,031
Projected Rents: $1409
Targeted Hold Period: 2-5 Years

Business Plan

The Retreat was acquired by the current ownership group in 1990 and has been self-managed since acquisition. The property has not had any major renovations over the past 30 years. The current ownership group installed a property manager, has not pushed rents to market, and has neglected collections over the past several years. The entire property is comprised of classic units.

We plan to execute the following:

We will renovate the units to our platinum interior program with new vinyl plank flooring, quartz countertops, stainless steel appliances, brand new cabinets, and other interior features.
In addition, we will completely rebrand the asset to “Rise at The Retreat” with new exterior paint, a new monument sign, a renovated leasing office and clubhouse, and a newly renovated pool area.
Overall, we expect to increase rents by approximately $378 per unit after we execute our business plan.

Perfect Location

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Leading the Nation in Growth

Phoenix leads the nation with strong population growth, job growth, and personal income growth.

Rents Increasing

In the Downtown Tempe submarket, Costar anticipates rents to increase by 33% from 2021 through 2025 while vacancy is expected to increase by a modest 1.0% from 3.4% in 2021 to 4.4% in 2025.