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Property Concepts acquires 104 unit Multi Family Project in Phoenix Arizona
104 unit project acquired through a syndicated group led by Scott Ferguson, President and CEO of Property Concepts Inc.
The 104 unit three-
The transaction was assembled with a group of accredited investors under the Securities and Exchange Commissions Regulation D exemption in combination with financing from RepublicBankAZ.
Silver Mountain realty group has been selected to professionally manage the property.
Scott Ferguson stated "I am thrilled with the acquisition based on the condition and income performance of the property, our investor group will do very well with this property. Our team did a great job managing the transaction, including broker Pete Te Kampe of Marcus and Millichap, and Michael Harris of Republic Bank AZ."