PHOENIX, AZ - Township Capital and Epic Investment Services announce the acquisition of Urban 188 and Urban 96 (Urban Phoenix), two adjacent residential rental properties in Phoenix, Arizona, as part of Township s GP Value-Add Fund I. The fund aims to acquire garden-style multifamily properties in select markets targeting strong demographics, durable employment, and other value-add characteristics.
This marks the third and fourth acquisitions within the value – add partnership with Epic..
Township Capital Acquires Two Multifamily Properties in Phoenix, Arizona for Value-Add Fund morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Company is a partner of one of the city’s biggest industrial acquisitions in years – the $155-million purchase of 18 small-bay properties totalling nearly 700,000 square feet.
The transaction marks the first foray into the Ottawa market for Colorado-based Woodbourne, which will hold the majority stake in the 700,000-square-foot portfolio.