Western Wealth Capital Surpasses $5 Billion in Total Real Estate Transactions with Acquisition of Sonesta on University Apartment Homes in Tempe, Arizona

Growth-oriented multifamily real estate investment company continues its Arizona expansion in growing Tempe

North Vancouver, Canada (May 6th, 2022) – Western Wealth Capital (WWC) announces the closing of its 126th real estate acquisition – Sonesta on University Apartment Homes in Tempe, Arizona. This is Western Wealth Capital’s 78th multifamily acquisition in the Phoenix market. WWC has now surpassed $5 billion in total real estate transactions, the combined value of properties acquired and disposed of since the company’s inception in 2014.

WWC and its investment partners closed on the 212-unit multifamily apartment community of Sonesta on University Apartment Homes, originally constructed in 1989. This Phoenix-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.

Sonesta on University is located in Tempe – a popular city for young and affluent professionals with numerous tech employers, unique neighborhoods, diverse restaurants, and a great music scene. Its economic environment has attracted top research firms and Fortune 500 companies including Honeywell, Amazon, and Allstate.

Sonesta on University presents a highly sought-after investment opportunity for Western Wealth Capital’s interior and exterior value-add programs. The property features recently upgraded amenities including two pools, a beach volleyball court, basketball court, putting green, and a resident clubhouse; however, there is additional potential for new exterior paint and improvements to existing landscaping. Many of the interiors are in classic condition and represent a prime value-add opportunity for WWC’s interior upgrade program.

“It’s fitting to achieve such an important milestone for the company with our 78th acquisition in Phoenix, the market where it all began for us as a company in 2014,” says Doug Mather, Executive Vice President. “Achieving $5 billion in total transactions is a testament to the systematic and disciplined approach of our investments and the growth of the company. We’re thrilled to announce this acquisition and look forward to future growth.”

WWC has acquired 126 multifamily rental buildings, representing over $5 billion in real estate transactions. The company’s current portfolio of assets under management includes 72 multifamily rental buildings totalling more than 18,000 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 $5 billion in real estate transactions representing more than 28,000 total units.

WWC’s vision is to build wealth for its investment partners with exceptional 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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Alex Collins
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