Case Studies

The Hedrick on Mountain

Luxury Rental Townhome Acquisition

The Seller, which we had dealt with on prior transactions, prioritized surety of closing by end-of-year. On an off-market basis, we negotiated the purchase contract, conducted due diligence, and assumed the existing Fannie Mae loan in less than 90 days and closed with two weeks to spare before the end of the year.

The Hedrick Website

Summary Highlights

PRODUCT

Townhome-style two-story apartment units

Location highlights

Adjacent to public transportation, immediately north of the University of Arizona.

Strategy

Leverage existing broker and seller relationships, committed discretionary capital and lines of credit to acquire an upscale, differentiated product in an attractive submarket.