San Mateo Apartments

7009 East Acoma Drive
Scottsdale, Arizona 85254
348 Units
Acquired in 1998 - $29,000,000
Sold August 2005 - $60,900,000
Hold Time: 6.7 Years
Avg. Annual Rate of Return
After return of Capital 50%

San Mateo was built in 1995 offering 348 units with six floor plans, including two one-bedroom layouts, three two-bedroom layouts, and one three-bedroom layout. San Mateo consists of 28 buildings, of which 26 are apartment buildings containing approximately 13 units each. It is located on 18.47-acres located on the South West corner of Acoma Drive and Scottsdale Road.

Sonoran Vista Apartments

9340 East Redfield Road
Scottsdale, Arizona 85260
264 Units
Acquired in 1999 - $22,968,000
Sold October 2005 - $48,840,000
Hold Time: 6 Years
Avg. Annual Rate of Return
After Return of Captial: 41%

Sonoran Vista was built in 1997 offering 264 units with five floor plans, including two one-bedroom layouts, two two-bedroom layouts, and one three-bedroom layout. Sonoran Vista consists of 31 buildings, of which 30 are apartment buildings containing approximately 9 units each. It is located on 13-acres located on the North East corner of 94th Street and Redfield Road.

San Paulo Apartments

14625 South Mountain Parkway
Phoenix (Ahwatukee), Arizona 85004
208 Units
Acquired in 2000 - $16,000,000
Sold September 2006 - $26,265,000
Hold Time: 6 Years
Avg. Annual Rate of Return
After Return of Capital: 23%

San Paulo was built in 1996 offering 208 units with six floor plans, including three one-bedroom layouts, two two-bedroom layouts, and one three-bedroom layout. San Paulo consists of 40 buildings, of which 39 are apartment buildings containing approximately 5 units each. It is located on 12-acres located on the South East corner of Ray Road and Mountain Parkway.

The Springs at Arrowhead

17722 North 79th Avenue
Glendale, Arizona 85308
360 Units
Acquired in 2000 - $27,785,000
Sold September 2005 - $42,850,000
Hold Time: 5 Years
Avg. Annual Rate of Return
After Return of Capital: 24%

The Springs at Arrowhead was built in 1998 offering 360 units with seven floor plans, including two one-bedroom layouts, two two-bedroom layouts, and three three-bedroom layouts. The Springs at Arrowhead consists of 38 buildings, of which 37 are apartment buildings containing approximately 10 units each. It is located on 19-acres located on the North West corner of 79th Avenue and Union Hills.

Arrowhead Summit Apartments

18330 North 79th Avenue
Glendale, Arizona 85308
412 Units
Acquired in 2000 - $31,500,000
Sold September 2006 - $52,245,000
Hold Time: 5 Years
Avg. Annual Rate of Return
After Return of Capital: 28%

Arrowhead Summit was built in 1999 offering 412 units with six floor plans, including four one-bedroom layouts and two, two-bedroom layouts. The Summit consists of 23 buildings, including the office on 22-acres located on the North West corner of 79th Avenue and Union Hills.