Case Studies

Citi on Camelback

Fractured Condo Acquisition

In a series of three separate transactions, AHC Funds assembled 196 units within a 360-unit condominium community in a well-located Phoenix submarket. As manager of the Homeowners Association, AHC upgraded common areas, professionalized property management and upgraded individual units, increasing Net Operating Income by 46%.

Summary Highlights


Condominium Bulk Acquisition and Renovation

Location highlights

Located on Camelback Avenue, a major retail and employment thoroughfare in Central Phoenix.


Assemble quality condo units at a substantial discount to replacement cost, leverage HOA resources to improve common area amenities, and operate a professional rental operation in a well-located luxury community.

Year of construction



196 (within 360-unit community)

Investment Type

Condominium Bulk Acquisition and Renovation