Investment Overview

Ideally situated in a prime Central Phoenix location sits The Gem (“the property”), a 29-unit multifamily community. Located on Missouri Avenue just west 15th Avenue, the property is 2-miles from “The Largest Christian University in the World,” Grand Canyon University (“GCU”), boasting an on-campus enrollment of ±25,000 students and ±6,970 employees. Its nearby proximity to Interstate 17 and the Valley Metro Light Rail, residents are afforded direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. The Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Park Central is also in close proximity, home to healthcare innovators such as Dignity Health, St. Joseph’s Medical Center, Barrow Neurological Institute as well as Creighton University. Completed in 1963, The Gem is comprised of one, two and three-bedroom floorplans offering an average of 782 square feet. Future ownership will have the opportunity renovate all 29 units with new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryer to capitalize on rent premium based on the current market and rents achieved by similar properties in the immediate surrounding area.