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Investors aren’t only finding yields in the Phoenix market, but speed as well. Capital Square 1031, which specializes in Delaware statutory trust offerings, has brought a property full-cycle in record time and has achieved 131% return on equity and an 18% annualized return of equity. The firm sold Crossroads Apartments, a 316-unit multifamily property in Phoenix, which it purchased three years ago.

“Our strategy was to hold this desirable asset for up to 10 years while positioning it for an ultimate sale when the market was at or near its peak, as it is now,” Louis Rogers, founder and CEO of Capital Square 1031, tells GlobeSt.com. “Our positioning entailed a property-wide appliance upgrade program and unit refurbishments to drive increased rents thus elevating revenues, NOI, and value.”

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Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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