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Standard Apartments

Multifamily INVESTMENT

Standard Apartments

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

MARKET

Phoenix, AZ

UNITS

227

YEAR BUILT

1971

DATE ACQUIRED

2017
Disposition Year: 2019
SOLD IRR: 62.7% Multiple: 2.5x

INVESTMENT OVERVIEW

29SC sold Standard Apartments, it was the ninth acquisition in the Phoenix market. 29SC's Strategy was to upgrade units, re-pipe HVAC systems, enhance the dog park, and upgrade the pool area.

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