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Ridgeview Apartments

Multifamily INVESTMENT

Ridgeview Apartments

Investment lead:  Dusty Eddy | deddy@29SC.com

MARKET

Phoenix, AZ

UNITS

150

YEAR BUILT

1998

DATE ACQUIRED

2016
Disposition Year: 2019
SOLD IRR: 35.5% Multiple: 2.5x

INVESTMENT OVERVIEW

29SC sold Ridgeview Apartments, it was the seventh acquisition in the Phoenix market. 29SC's Strategy was to renovate the clubhouse and pool area, and upgrade unit interiors.