Western Wealth Capital Reaches $375 Million in Property Acquisitions

Verde Dimora Represents 31st Multi-family Residential Purchase

North Vancouver, Canada (June 26, 2017) – Western Wealth Capital (WWC), a growth-oriented real estate investment company, is pleased to announce the acquisition of Verde Dimora, a multi-family unit building that further increases our company’s Arizona rental portfolio.

WWC and our partner investors acquired the 153-unit rental building in Mesa for $22.25 million (all figures $US). Verde Dimora is our company’s sixth acquisition in 2017. Since our inception, WWC has acquired 31 multi-family unit buildings, representing 5,125 units, with a combined purchase-value of more than $375 million. WWC is now the second largest multi-family owner in the Phoenix area by number of units.

WWC considers Phoenix’s job and population growth a foundation for sustained investment. Verde Dimora is located within proximity to major employers including Banner Health Systems, Mesa Public Schools, Apple and Intel.

WWC’s track record to-date has provided the company with a unique vantage point, says Janet LePage, Chief Executive Officer of WWC.

“Our execution and results have formed strong relationships that are giving us access to some of the best multi-family investment opportunities in Arizona,” says LePage.

The acquisition of Verde Dimora was brokered by Colliers International of Phoenix.

WWC has divested five buildings since 2012, most recently Solstice at Arcadia on April 27, representing a 38% increase to our purchase price.