Proximity Central will feature 243 newly constructed garden style apartments on 10 acres in Phoenix, AZ. The homes are walking distance to the future light rail station which provides access into downtown Phoenix, Scottsdale, Tempe, and Sky Harbor airport. Construction is estimated to begin in 2022.
Active Investments
Proximity 16th St features 85 newly constructed multifamily units on 6.7 acres in Phoenix, AZ. The units consist largely of single story duplexes, as well as two story triplexes. The property broke ground in 2019 and was completed in 2020.
Quarter North consists of 165 newly constructed multifamily units on approximately 12 acres in North Las Vegas, NV. This unique community offers 100% detached units with no common-walls, no neighbors above or below, garages, and private back yards. The property will break ground late 2020 and begin leasing in 2021.
Proximity Baseline features 80 newly constructed multifamily units on 6.7 acres in Phoenix, AZ. As the second phase of Proximity 16th St, the unit mix is similar and consists largely of single story duplexes and two story triplexes. The community will also feature single story units above garage bays allowing for premium views of South Mountain. The property will break ground in late 2020 and will be available in April 2023.
Proximity 36th St will feature 192 newly constructed townhome units on 17.8 acres in Phoenix, AZ. The units consist entirely of two story townhomes. Construction is estimated to begin in 2022.
Proximity 7th St will feature 84 newly constructed townhome units on 6.7 acres in Phoenix, AZ. The units consist entirely of two story townhomes. Construction is estimated to begin in 2022.
The industrial portfolio is located in Englewood, CO, a suburb of Denver. The portfolio includes three separate buildings totaling 26,000 square feet and 2.2 acres. The property was 100% occupied at acquisition.