Andrew Van Tuyle Andrew VanTuyle

BH Properties is bullish on the Phoenix marketacross commercial asset classes, and it is focused on increasingits portfolio. In the last two months, the investor has acquiredthree properties totaling $55.3 million, bringing its Phoenixportfolio to a total of 21 properties of 1.25 million square feetof commercial space and more than 1,500 apartment units.

“Phoenix is a strategic location for us long term,”Andrew Van Tuyle, senior managing director ofinvestments for BH Properties,” tells GlobeSt.com. “We're committedto that market and are actively looking to expand our portfolio.We'd like to close $100 million or more in Phoenix in the nextyear, so to the extent we can find opportunities we will bebuying.”

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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.