Western Wealth Capital Surpasses $4 Billion in Total Real Estate Transactions with Acquisition of Cantala Apartments Homes in Glendale, Arizona
November 16, 2021
Western Wealth Capital Surpasses $4 Billion in Total Real Estate Transactions with Acquisition of Cantala Apartments Homes in Glendale, Arizona
North Vancouver, Canada (November 16th, 2021) – Western Wealth Capital (WWC) announces the closing of its 111th multifamily real estate acquisition – Cantala Apartment Homes in Glendale, Arizona. This is Western Wealth Capital’s 75th multifamily acquisition in the Phoenix area. The company has now surpassed $4 billion dollars in total real estate transactions since its inception in 2014.
WWC and its investment partners closed on the 184-unit multifamily apartment community of Cantala Apartment Homes, originally constructed in 1986. This Phoenix-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.
Cantala is located in Glendale, a dynamic city northwest of Phoenix and ranked as one of the four largest cities in Arizona. Cantala is easily accessible to Downtown Phoenix in under 30 minutes. Major employers are in all directions including Banner University Medical Center to the south Honeywell Aerospace to the north. This property is a prime candidate for WWC’s repeatable value-add program, including exterior and interior renovations.
“We are thrilled to acquire our 75th property in Phoenix and achieve an important milestone for the company. This acquisition further solidifies the company’s strong presence in this market,” says Colin Fernandes, Associate Director of Acquisitions. “Achieving $4 billion in total transactions since 2014 is a testament to the systematic approach to our investments. We look forward to future expansion and entering new markets in 2022.”
WWC has acquired 111 multifamily rental buildings, representing $2.9 billion in acquisitions. The company’s current portfolio of assets under management includes 62 multifamily rental buildings totalling more than 16,000 units.
About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $4 billion in real estate transactions representing over 24,000 total units.
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.
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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.
