Town Center is a 176-unit Apartments complex in Queen Creek, Arizona.
Town Center is a well-located multifamily asset with value-add upside in one of the most desirable multifamily investment markets in the Western United States.
The acquisition ($25,000,000) and renovation of Town Center provides higher-than-market projected returns.
Queen Creek has a population growth of 31.4% in the period 2010-2015. It is the #4 fastest growing city in the state of Arizona. The median household income is $83.7. It is the #5 richest city in the state of Arizona. The unemployment rate is 3.8% which is the lowest rate among metropolitan Phoenix cities.