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The rise in commercial real estate investment in Phoenix has created a growing need for affordable housing in the Downtown Phoenix area. A joint venture between Pacific Oak Capital Advisors and Defer Gain is building three multifamily projects in the Downtown Phoenix’s Presidential District. All three projects are in opportunity zones.

The three developments include the 241-unit St. Ambrose Apartments and the 84-unit Presidential Apartments both situated between 11th and 12th Streets and Van Buren and Jefferson Streets in Phoenix, as well as the 140-unit Imperial Apartments located near 20th Street & Roosevelt in Phoenix.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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