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| Ridge View Apartments, Fountain Hills, AZ |
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| Dusty Eddy |
Phoenix, AZ – 29th Street
Capital (29SC), a privately-held real estate investment and advisory firm, in
conjunction with Clear Sky Capital, has acquired Ridge View Apartments, a 150-unit apartment complex in Fountain
Hills, Arizona. 29SC’s strategy is to
invest $810,000 worth of renovations to significantly upgrade the interiors and
to enhance the exteriors of the property.
“This is the fifth
acquisition we have made in the Phoenix/Scottsdale market in just over one
year, with another property under contract in the East Valley, closing later
this quarter,” said Dusty Eddy,
29SC’s Vice President of Acquisitions for Phoenix, Las Vegas and San Diego.
“We
are excited about the opportunity to acquire a quality asset, with plenty of
value-add potential, in such a desirable location.”
Ridge View Apartments
resides within the city of Fountain Hills, an affluent suburb northeast of Scottsdale.
Ridge View is just minutes east of the Loop 101, which provides access
throughout the entire metro area and is conveniently located near some of the
largest and most desirable job centers in the Valley including the Scottsdale
Airpark, the “Cure Corridor,” and Downtown (Old Town) Scottsdale.
For investment inquiries,
contact:
Stan Beraznik, Founder and
Managing Principal at 29th Street Capital
415.643.6875 | sberaznik@29thstreetcapital.com
Terri Thornton
Partner, Thornton
Communications
p:404-932-4347 |
e:Terri@TerriThornton.com | w:www.TerriThornton.com
http://www.facebook.com/pages/Thornton-Communications/112101288827299
http://twitter.com/Ttho
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