Investment Overview

Stationed along Glendale Avenue just west of 67th Avenue, Glenn Isle (“the property”) is a 22-unit multifamily community with a unit mix consisting of both one-bedroom units and two-bedroom units. The asset's proximity and direct exposure to Glendale Avenue provides excellent visibility from one of the primary roadways in Phoenix's West Valley Submarket. Positioned approximately 3-miles from Glendale's Westgate Entertainment District and the Cardinal's Statefarm Stadium offering residents access to premier entertainment and dining experiences, including NFL Football Games, concerts, and much more. In addition, the TSMC Campus, representing Arizona’s largest foreign direct investment in the state’s history, has been a primary catalyst to the West Valley’s boom. TSMC’s Campus is expected to total $40B in capital investment, add ±24,000 new jobs and 40 new companies relating to the Advanced Manufacturing sector coming to the surrounding area as a direct result of this monumental project. The West Valley is also home to some of The Valley's top major employment corridors, including, Loop 101 West Corridor, South Peoria Corridor, and SW Valley Industrial Corridor, boasting a combined ±148,000 employees and ±3,900 businesses. Originally built in 1968 and 1970, the property’s unit mix offers a desirable blend of one-bedroom (±64%) and two-bedroom (±36%) floorplans, covering an average of ±604 square feet. Current ownership has upgraded the exterior/common area of the community with new landscaping, paint, signage, BBQ, dog park , exterior lighting and more. 6 units have received upgraded interiors, 4 of which with the addition of private personal patios, and washers/dyers installed in 12 of the 22 total units. Future ownership will also have the opportunity to add a 23rd unit converting the laundry room into a studio (already permitted by current ownership).