Avenue North, LLC | Avenue North
15234
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MULTIFAMILY INVESTMENTS

Avenue North is a Phoenix AZ based real estate investment firm focused on developing, acquiring, and repositioning multifamily communities in the southwestern United States. Since the company’s inception in 2011, they have been involved with over 10,000 multifamily units between Arizona, Nevada, and Colorado. Additionally, Avenue North currently holds a portfolio of assets throughout Arizona, Nevada, and Colorado. The company has also opportunistically purchased industrial, mobile home and RV parks throughout the United States.

Average Investor Returns:

43% Return on Equity
37.7% Internal Rate of Return
2.0x Multiple of Capital
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VISION

We see what a property can become, not what it is, and focus on tasteful design that adds value.    

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TRANSPARENT

We take pride in keeping investors informed, with an emphasis on timely and accurate updates. 

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SELECTIVE

We are patient, committing only to the best opportunities in the marketplace.

INVESTMENT CRITERIA

We identify both new development opportunities and acquisition of mismanaged multifamily communities in order to:

(1)  Improve the property’s operations,

(2) Distribute tax advantaged cash flow to investors, and

(3) Sell the asset at a premium after several years of ownership.

We focus on new development opportunities, or under appreciated communities to hedge downside risk created during economic downturns and generate outsized returns.

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Our investment criteria includes:

DEAL SIZE

Typically $5-$20 million

TYPE

Multifamily, Mobile Home and RV Communities, and Land Entitlements

OPPORTUNITY

Value-add through renovation, management, or entitlement

LOCATION

A/B macro and micro locations in the Southwestern United States

PHYSICAL

B/C property condition, typically built before 1990’s

STABILIZED

Not required

FOCUSED APPROACH

Our niche is value-add multifamily.

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# Deals Sold

43

Investor Return on Equity (%)

38

Investor Internal Rate of Return (%)

50

Loan to Cost (%)

What Our Partners Say

OUR LATEST PROJECTS