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 GlenEagles Apartments
8275 East Bell Road
Scottsdale, Arizona 85260
330 Units
Acquired in 2001 - $35,000,000
Sold October 2011 - $55,422,000
Hold Time: 10 Years
Avg. Annual Rate of Return
After Return of Capital: 18%
Glen Eagles completed construction in 2000 offering 330 units and 360,094 rentable square feet (livable) with six floor plans, including two one-bedroom layouts, two two-bedroom layouts, and two three-bedroom layouts. Glen Eagles, located on 17.4 acres, consists of 33 buildings including the office. It can be found on the South side of Bell Road in between 82nd Street and Perimeter Drive.
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 Aventura
Apartments
10350 West McDowell Road
Avondale, Arizona 85323
408 Units
Acquired in 2002
Aventura was built in 2000 offering 408 units with eight
floor plans, including five one-bedroom layouts, two two-bedroom
layouts, and one three-bedroom layout. Aventura consists of 17 buildings,
including the office on 18-acres located on the North West corner
of 103rd Avenue and McDowell Road.
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 Pillar at Desert View
17030 North 49th Street
Scottsdale, Arizona 85254
412 Units
Acquired in 2003 - $38,000,000
Sold January 2008 - $60,000,000
Hold Time: 5 Years
Avg. Annual Rate of Return
After Return of Capital: 29%
Pillar at Desert View was built in 1996 offering 412 units with three floor plans, including one one-bedroom layout, one two-bedroom layout, and one three-bedroom layout. Pillar at Desert View consists of 39 buildings, of which 37 are apartment buildings. It is located on 19-acres located on the North East corner of Tatum and Bell Roads.
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 Pillar at Pecos Springs
875 West Pecos Road
Chandler, Arizona 85225
346 Units
Acquired in 2003
Pillar at Pecos Springs was built in 2001 offering 346
units with ten floor plans, including three one-bedroom layouts,
six two-bedroom layouts, and one three-bedroom layout. Pillar at
Pecos Springs consists of 25 buildings, of which 24 are apartment
buildings and one is an office/clubhouse facility. The property
is on 18-acres located on the South East corner of Alma School and
Pecos Roads.
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 Cantera
Apartments
2475 West Pecos Road
Chandler, Arizona 85224
288 Units
Acquired in 2004
Cantera was built in 2002 offering 288 units with seven
floor plans, including three one-bedroom layouts, three two-bedroom
layouts, and one three-bedroom layout. Cantera consists of 16 buildings,
of which 15 are apartment buildings containing approximately 19
units each. It is located on 21-acres located on the South East
corner of Pecos and Ellis Roads.
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 Pillar
at Rock Canyon
14300 North 83rd Avenue
Peoria, Arizona 85381
296 Units
Acquired in 2004
Pillar at Rock Canyon was built in 2002 offering 296 units
with eight floor plans, including four one-bedroom layouts, three
two-bedroom layouts, and one three-bedroom layout. Pillar at Rock
Canyon consists of 15 buildings, of which 13 are apartment buildings
containing approximately 23 units each. It is located on 15-acres
located on the North West corner of Thunderbird Road and 83rd Avenue.
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