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| Village Green Apartments, 1045 S. San Jose Street Fiesta District, Mesa, AZ |
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| Dusty Eddy |
Phoenix, AZ (April 6, 2015) – 29th Street Capital (29SC)
acquired two more multifamily communities in Phoenix, Arizona’s thriving East
Valley region in March. The firm acquired Williams Landing Apartments, a
72-unit multifamily community on March 25. Village
Green Apartments, a 108-unit multifamily community, entered the portfolio
March 31.
The firm plans significant upgrades at the communities,
which are near major roads that provide access to the many healthcare,
technology, aerospace and tourism employers across the East Valley.
Both are near airports – Phoenix Sky Harbor International for
Village Green, and Phoenix-Mesa Gateway for Williams Landing – allowing easy
air travel options.
“With new economic activity and job opportunities throughout
the East Valley, 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, Near Phoenix-Mesa Gateway Airport |
“Developments such as
Eastmark speak well for the Gilbert area, and the tech and education sectors
are strong in the south Tempe/Mesa area.
"We hope that strategic improvements
and proactive management at the newly-acquired communities will attract
long-term residents seeking moderately-priced quality apartments in this
booming area.”
For a complete copy
of the company’s news release, please contact:
Terri Thornton
Thornton Communications
p:404-932-4347 |
