We’ve partnered exclusively with WhiteHaven Capital and acquired six apartments, totaling 713 units, over the past four years. We’ve exited four of those properties and delivered stellar returns to our investors. You can see our record below, as well as the quality of our construction team’s work.
136 UNITS | Acquired July 2021 - $45M
Haven at Arrowhead
This 136-unit complex is located in the northern Phoenix area in Glendale. The property is part of the Arrowhead Ranch community which is part of a master-planned development—meaning all available land has been accounted for so new construction is highly limited.
Built in 1998, the complex only went through some minor updates. Our plan will be to renovate the property with a $4.5M budget over a three year period, increasing income by $450 per unit.
104 units | Acquired February 2021 - $16M
Haven on Thomas
This 104-unit complex is located in a growing area west of Downtown Phoenix. This property sits at the end of the newly built 202 highway loop, an alternative to the interstate 10 freeway, enabling residents of this subarea residents to access jobs and other parts of the Phoenix metro.
Built in 1983, the complex only had superficial updates. The units have potential for us to renovate and add washer and dryers in each flat. Acquired in February 2021 for $16M, our team is already renovating units and working to upgrade the exterior.
94 units | Exited 2021 after 21 months
Haven on the Rail
Acquired: November 2019 – $10.6M | Exited: August 2021 – $19.5M
Investor Returns: 50% IRR, 2X Equity Multiple, 100% ROI
This complex is located in an opportunity zone in Mesa, sitting across a multimillion dollar park built by the city. New developments in the neighborhood include luxury apartments and a light rail that can take residents to downtown Phoenix. We got offers to sell the complex years ahead of our planned exit, so we sold the property early to lock in stellar returns for our investors.
164 units | Exited 2021 after 22 months
Haven on Peoria
Acquired: June 2019 – $19.7M | Exited: April 2021 – $28.7M
Investor Returns: 24% IRR, 1.5X Equity Multiple, 50% ROI
This complex is located 12 miles north of Downtown Phoenix in the Glendale submarket. Built in 1986, the complex has only seen superficial updates to the units but has great curb appeal thanks to its modern architecture.
117 units | Exited 2020 after 21 months
Haven at South Mountain
Acquired: February 2019 – $10.7M | Exited: November 2020 – $18M
Investor Returns: 41% IRR, 1.8X Equity Multiple, 80% ROI
The complex was located on Baseline Road, the second busiest street in the metro area. It is surrounded by newly built gated community homes and it is uniquely positioned as one of the only class C apartments in the area which allowed us to fill a need not met by the class A properties nearby.
98 units | Exited 2021 after 36 months
Acquired: February 2018 – $8M | Exited: August 2021 – $15.5M
Investor Returns: 23% IRR, 1.8X Equity Multiple, 80% ROI
Built in 1986, the complex has only traded owners a handful of times resulting in a large value-add investment. Our team renovated the entire complex with a $1.5M budget and sold the property for nearly twice the value—as proposed in our original business plan.