Western Wealth Capital Acquires Presidio North Apartments in Phoenix, AZ

Company closes on 360-units in garden-style apartment community located in the Northwest Phoenix submarket.

North Vancouver, Canada (Dec.  24, 2020) – Western Wealth Capital (WWC), a growth-oriented real estate investment company, announces its latest takeover totaling 360 units within the Northwest submarket of Phoenix, AZ.  The takeover further increases the company’s steadily growing Phoenix portfolio.

WWC and its investment partners closed on the 360 multi-family apartment community Presidio North Apartment Homes, originally constructed in 1986, on December 21st. The acquisition further increases WWC’s U.S. rental portfolio, which comprises real estate in Houston, Dallas, Phoenix, Atlanta and San Antonio. The acquisition also marks WWC’s 80th acquisition, with most purchases completed between 2016 and now.

Presidio North Apartment Homes occupies an excellent position just east of I-17 of Bell Road, providing convenient access to the wider Phoenix Metropolitan area. This area is sought after by developers as it is uniquely surrounded by three freeways. Most apartment units at the property still retain their original 1980’s interior features, providing substantial value-add opportunities such as interior upgrades and in suite washer/dryer installations.

“We are really excited to finally takeover this deal. The Phoenix market continues to be staple for our success and we are very pleased to have closed this deal by year’s end. Our team has been working very hard to finalize this project and we look forward to beginning immediate property improvements,” says Jay O’Connor WWC’s Director of Acquisitions in Phoenix.

WWC has acquired 80 multi-family rental buildings, representing $2.1 billion in acquisitions, a total transactional value of $2.7 billion and 18,452 total units. The company’s current portfolio of assets under management, includes 58 multi-family rental buildings totaling more than 14,000 units. The acquisition was brokered by Charles Steele, Mike Higgins, and John Cunningham with Jones Lang LaSalle IP, Inc. (JLL Phoenix).

About Western Wealth Capital

Western Wealth Capital (WWC) has developed a proven, reliable system for investing in multi-family properties in key real estate markets across the US. WWC offers Investment Partners the opportunity to invest in cash-flowing properties with substantial value-add opportunities. Since inception, WWC has successfully completed over $2.7 billion in real estate transactions. WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.

Contact Us

Media and photo requests:

Alex Collins
alex@westernwealthcapital.com

For more information:

604.260.4789

info@westernwealthcapital.com

www.westernwealthcapital.com

No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.