MULTIFAMILY ACQUISITION CRITERIA | WE BUY PHOENIX ARIZONA APARTMENTS

ACQUISITIONS CRITERIA

Vestis Group | Vestis Capital LLC, dba MODE Apartments + Homes, seeks to acquire well-located multifamily assets in the Metro Phoenix Apartment Market, primarily in the Arcadia, Biltmore, Camelback Corridor, Midtown Phoenix, Downtown Phoenix, Downtown Tempe,  Downtown Scottsdale and Downtown Mesa sub-markets. The desired investment includes Class B, C quality in B+ or better locations. We will consider garden and mid-rise communities, with a preference on assets that can benefit from renovation and repositioning.


LOCATIONS

  • Phoenix – Arcadia, Biltmore, Downtown, Midtown, Near Light Rail
  • Scottsdale – Downtown, South
  • Tempe – North, Near ASU Campus, Near Light Rail
  • Mesa – West, Downtown, Near Light Rail
  • Tucson – Downtown, Near UA Campus

CATEGORY

  • Class B
  • Class C
  • Rehab and Repositioning Properties Preferred

SIZE

  • 15 to 100 Units

TERMS

  • Typically all cash, but will consider assumption of existing financing or seller financing.

SUBMITTAL INFORMATION

  • Location map and area description
  • Complete property description
  • Color photographs
  • Current tax bill
  • Three years operating statements plus current YTD
  • Current and past three months rent rolls (including concessions and delinquencies)
  • Terms of financing (if assumable) including any prepayment provisions
  • Detailed market data (include sales and rent comps)
  • Capital improvements listing for the last 5 years

BROKERS PROTECTED

  • If You Are Currently Working With A Broker, Please Have Your Broker Contact Us Directly

CONTACT VESTIS GROUP

VESTIS GROUP
4331 North 12th Street, Suite 101
Phoenix, Arizona 85014
(602) 281-6202 | Email Us

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About Vestis Group

Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.

We specialize in Phoenix Apartments For Sale.

Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

Vestis Group serves multifamily owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Project Marketing & Sales, Asset Management, Project & Development Services, Research and Consulting.

Search here for Phoenix Multifamily For Sale, Arizona Land for Sale or Phoenix Commercial Real Estate For Sale.

View our Arizona Apartment Brokerage & Management Services or our Multi Family Residential Investments.

For more information, please contact Vestis Group at 602-281-6202 or Email Us.

 

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