Multifamily
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 150 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 40 years of combined experience in the management, development, acquisition, disposition and financing of real estate projects.
San Riva at The Foothills. Phoenix, Arizona
Everest purchased 230 of 280 total units at this recently converted condominium community in the coveted Foothills master-planned community near South Mountain in July 2010. Everest intends to operate its units as rental product and is in the process of stabilizing operations. www.sanriva.com
|
