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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 Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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