Avenue North is a Phoenix, Arizona based third party multifamily General Contractor and real estate investment firm focused on multifamily developments and value-add communities. Since the company’s inception in 2011, Avenue North has acquired or built over 2,200 multifamily units across Arizona, Nevada and Colorado.
We acquire existing multifamily communities and execute on thoughtful renovations that add value.
We our a third party general contractor and acquire and develop multifamily communities in order to:
(1) Improve property 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 hedging downside risk created during economic downturns and generate outsized returns.
Our investment criteria includes:
Typically $15-$80 million
Construction, Land Development, and Value-Add Multifamily
Value-add through entitlements, development and renovations
A/B locations in the southwest
Our niche is value-add multifamily and Build-to-rent development.
Million $ Invested
Investor Internal Rate of Return (%)
Avenue North has been a valued customer. We have financed four projects for them thus far, three of which have been acquired, renovated, and sold with our loans repaid in full. The fourth is currently in good standing. Avenue North has always done a great job managing their projects and has performed on all their loans. They conduct themselves professionally and has been a pleasure to work with. We consider Avenue North to be a valued customer and look forward to continuing our relationship. Jay Ganske, Mutual of Omaha Bank, Senior Vice President Phoenix, AZ
We invested in 8 deals with Avenue North and are very pleased. Especially with their honesty. They tell it like it is which is unusual in the investment community. We look forward to investing in all Avenue North's future deals. Gary H., Investor Chicago, IL
Avenue North has proven to be a good borrower on several projects here in the valley. Team has performed as agreed and displays all the fine qualities that make him a great borrower. Humphrey Shin, First Bank, Senior Vice President Phoenix, AZ
Hill Commercial Construction converted an old storage facility into its new leasing office. Avenue North was professional, fair and always available to help find the right solutions to challenges of the project. They had a vision for the project that never wavered, start to finish. I wish all developers were as honest, able, proficient and equitable; we look forward to more projects together. Chad Hill, Hill Commercial Construction, Owner Denver, Co
Avenue North has been great to work with. Their upfront analysis is thorough and their deal structures are more than fair. Their returns have surpassed expectations. David P., Investor San Diego, CA
Avenue North is one of the most talented, honest and hardworking team I know and have had the privilege to work and collaborate with. They have the unique ability to challenge and inspire those around them to do their very best. I know this first hand because they have pushed us to develop unique and creative design concepts for their multifamily assets and not settle for just good solutions. Moazam Khan, MoD a+p, Principal Phoenix, AZ
Excellent Job. Excellent Communications. I hope to have the opportunity to invest again. Dave O., Investor Denver, CO
I had the privilege of working with Avenue North on one of the most complicated deals of my career: the assembly of three parcels controlled by 5 entities and 6 decision-makers, followed by an extended entitlement process undertaken by the eventual buyer/developer. Throughout the process, Avenue North handled his end of the deal(s) professionally, responsibly and, when appropriate, with grace and good humor. I observed that he consistently watched over the interests of his investor-partners, and showed great resourcefulness with structuring the capital stack necessary to get to the finish line. I also came to admire his instincts for the market and acumen for structuring deals. I look forward to working with him again. Rick Courtin, Empire Commercial Real Estate, Designated Broker Phoenix, AZ
Avenue North is a visionary and has been successful in transforming communities to a new level. I had the pleasure of working with them in two communities that were re-positioned. They not only improved the properties but made a difference to the areas they were located in. I hope to have an opportunity to work with Avenue North again. Tina Schreiber, Alliance Residential, Senior Regional Manager Phoenix, AZ
Market knowledge, careful planning and execution, and great communication has made working with Avenue North team a fantastic experience. Dr. Jeffrey, Investor Denver, Co