Vlux Portfolio

Address: 9190 N 83rd Ave, Peoria, AZ 85345, USA

Address: 920 W Combs Rd, Queen Creek, AZ 85140, USA

Address: 4343 S 103rd Ave, Tolleson, AZ 85353, USA

Apartments | Garden Style

Created date: November 14, 2023

Date last updated: November 27, 2023

Portfolio Description

Northmarq is please to present the opportunity to acquire the three property VLUX Portfolio - VLUX at Peoria Heights, VLUX at Queen Creek and VLUX at Sunset Farms. These newly constructed, Build-to-Rent communities, were developed by well known national developer, Van Tuyl Companies and built by Hancock Builders. Investors have an opportunity to offer on the assets individually or as a portfolio purchase. The assets features top of the market interiors with advanced smart home technology and a resort-inspired amenity package. The communities represents a highly sought after opportunity for investors to expand in the ever growing Build-to-Rent space, while operating as a conventional multifamily community and utilizing traditional multifamily financing. Build-to-Rent communities offers investors the efficiency of renting like a traditional multifamily asset, while providing residents the benefits of a lower density, single-family home lifestyle. The Build-to-Rent product type continues to outperform conventional multifamily apartments due to unrivaled functionality for residents that surpasses traditional multifamily living. Higher consumer interest translates into higher rents and occupancy rates as well as lower capital and operating costs than traditional multifamily.

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Broker Details

NorthMarq Multifamily NorthMarq Multifamily

(602) 952-4044

Portfolio Key Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments \| Garden Style
No. of Units:	625
Year Built:	2023
Building Size:	177064 Sq ft
Opportunity Zone:	No