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| Dusty Eddy |
Phoenix, AZ (March 27, 2015) – 29th Street Capital (29SC)
has acquired Williams Landing Apartments,
a 72-unit multifamily community in Phoenix, Arizona’s thriving East Valley
region.
Williams Landing is in the newly-designated Power Knowledge
Corridor in Gilbert, which includes several universities and high-tech
businesses.
The property is just
south of Loop 202, providing access to the many healthcare, technology,
aerospace and tourism employers across the East Valley. It’s also near the
Phoenix-Mesa Gateway Airport, allowing easy air travel options.
“With new economic activity and job opportunities throughout
the East Valley, plus developments such as nearby Eastmark, 29SC believes the
Phoenix metro area is poised for continued growth,” said Dusty Eddy, 29SC’s Vice President of Acquisitions.
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| Williams Landing Apartments, East Region Phoenix, AZ |
“We hope that
strategic improvements and proactive management at Williams Landing will
attract long-term residents seeking moderately-priced quality apartments in
this booming area.”
The deal, which closed March 25, is 29SC’s ninth acquisition
in the past eight months. It’s also its third Phoenix-area acquisition in four
months.
In December 2014, the firm acquired two multifamily
communities in Mesa: The Brittany and Sierra Madre. Williams Landing brings the
total of recently-acquired East Valley units to 370.
For investment
inquiries, contact:
Stan Beraznik, Founder and Managing Principal at 29th Street
Capital
415.643.6875 | sberaznik@29thstreetcapital.com
For a complete copy
of the company’s news release, please contact:
Terri Thornton
Thornton Communications
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