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 this 512 unit community in the desirable Chandler submarket in November 2016 with the intent to make several upgrades to the community, including a renovation to the clubhouse, fitness center, pool and other areas, as well as renovation of unit interiors. Many of these capital improvements have already been completed to date. Together these upgrades and other operational improvements have significantly enhanced the property profile and resident experience.
Highland Park Apartments. Tempe, Arizona
Everest acquired this 276 unit community in the desirable Tempe submarket in June 2016 with the intent to make select capital and operational improvements to further upgrade the property profile and enhance the resident experience. After completing these improvements and upon stabilization, Everest sold the property in Decemeber 2018.
Park View Apartments. Tempe, Arizona
Everest acquired this 196 unit community in the desirable Tempe submarket in June 2016 with the intent to make select capital and operational improvements to further upgrade the property profile and enhance the resident experience. After completing these improvements and upon stabilization, Everest sold the property in December 2018.
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 with the intent of operating as Class A rental product. After stabilizing the investment, Everest sold it in a bulk transaction in February 2012.