Project Description Property: Granada Drive - 8 Unit Class B Apartment Building in Tempe, Arizona Issues Prior To Acquisition: Mismanaged by a sub-par property manager and owned by an absentee seller with no real estate experience in CA Below average interior/exterior in an above average location Deferred maintenance and wrong tenant base [...]

Project Description Property: Townhouse Manor - 16 Unit Class B/C Townhouse Property In Mesa, Arizona Issues Prior To Acquisition: 33% economic occupancy Woefully mismanaged Significant deferred maintenance by original owner of 40+ years DVP Actions: Secured 60% LTC construction loan and vacated existing tenant base in 45 days. Completed unit renovation [...]