Everest's multifamily platform is focused on investing in premier apartment communities throughout AZ, with a particular focus on the Phoenix metro. Everest favors acquiring assets built after 1980 and with over 200 units, as well as unfinished or fractured condo projects. The company also acquires loans secured by such assets, particularly non-performing or under-performing loans. Backed by an institutional private equity venture partner, Everest has the ability to pay all cash and close quickly with no financing contingencies. Everest's multifamily team has over 60 years of combined experience in the management, development, acquisition, disposition and financing of real estate projects.
Biscayne Bay Apartments. Chandler, Arizona
Everest acquired 512 units in the desirable Chandler submarket in November 2016 and intends to make several upgrades to the community, including a renovation to the clubhouse, fitness, pool and other areas, as well as renovation of unit interiors. These capital enhancements, combined with other operational improvements, will significantly enhance the property profile and resident experience.
Highland Park Apartments. Tempe, Arizona
Everest acquired 276 units in the desirable Tempe submarket in June 2016 and intends to make select capital and operational improvements to further upgrade the property profile and enhance the resident experience.
Park View Apartments. Tempe, Arizona
Everest acquired 196 units in the desirable Tempe submarket in June 2016 and intends to make select capital and operational improvements to further upgrade the property profile and enhance the resident experience.
San Riva at The Foothills. Phoenix, Arizona
Everest purchased 230 of 280 total units at this converted condominium community in the coveted Foothills master-planned community near South Mountain in July 2010, operated its units as rental product, stabilized the investment, and sold it in February 2012.