- For sale
Phoenix 6 Portfolio for sale, consisting of six properties totaling 792 units: The Perry, Ava Park, Serena Park, Red Sage, Ava North and Ava South. Properties can be purchased as a portfolio or individually.
Visit our property website to learn more and to request the offering memorandum.
This portfolio offers immediate economies of scale within high performing, growing submarkets with a proven, value-add opportunity. There is strong rental upside by expanding on the current common area amenities and unit interior programs. 55% of units across the portfolio are either in classic or lightly upgraded condition with average rent upside exceeding $375. With over $12.8M spent to cure the deferred maintenance in the last three years, in addition to continuing the renovation process, this portfolio is perfectly positioned for a buyer to capture tremendous rental uplift and organic growth.