Philosophy
“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” – Theodore Roosevelt
Philosophy
“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” – Theodore Roosevelt
Why Multi-family
Demand
Due to rising housing costs, inflation, and the general desire for more independence a larger percentage of people are leasing apartments.
Essential
Housing is an essential asset. Whether the economy is rising or falling people will always need housing.
Supply
Availability of land, ongoing supply constraints and construction timelines create an environment in which supply is behind demand.
Lending
The availability of Fannie Mae and Freddie Mac assure the volume of lending and capital in the market create a level of liquidity above other commercial assets.
Why the Southwest
Growth
Arizona gained 129,558 people between July 1, 2019 and July 1, 2020. It is estimated by 2040 the city will have added over 2M additional people, that is the size of Austin MSA or Las Vegas MSA.
Jobs
Arizona recorded the third-highest job growth in the nation for 2020. Where there are jobs there needs to be housing.
Supply
Between now and 2030, Metro Phoenix will need to build 10,736 new apartment homes each year to accommodate population and household growth. It is estimated that the market has a current deficit of 32,000 units.
Absorption
Phoenix had a record level of absorption in 2020 and the lowest vacancy in over 20 years of 4.8%.
Vision
We are local to the southwest and bring a lifetime of relationships and vision to see the patterns of growth in the Phoenix and Tucson markets. Having experienced the growth of Phoenix from 1.4M in 1980 to over 5M in 2020 gives us direct insight into the continued growth of the market.
We focus on the numbers and use data to lead in the direction of future opportunities. Using in-depth demographics, growth figures, and future jobs projections we excel in interpreting the next wave of growth being the early entrants into the market rather than the last one in. This allows us to experience the growth and maturity of a market rather than entering the market at maturity.