Investor Scoops Up Multifamily Asset
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CHANDLER, AZ—Due to an affluent consumer base and emerging employment centers, Chandler, AZ has an appeal for residents and workers alike. Multifamily assets in this city are popular with investors such as the ConAm Group of Companies, a real estate management and investment firm specializing in multi-family housing. The firm currently operates 4,300 units in the Phoenix market and recently expanded its multifamily portfolio with the acquisition of the 324-unit apartment community, The Greens.
Rob Singh, ConAm’s president and chief investment officer, tells GlobeSt.com: “The submarkets surrounding Phoenix have demonstrated tremendous growth within the last few years and Chandler is no exception. The acquisition of The Greens was opportunistic and allows us to take advantage of the rapid market growth in this affluent area. By performing both interior and exterior renovations to the property, including upgrading the common areas, we will be able to maximize rent growth, as well as attract and retain new tenants.”…
