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Capital Allocation Partners Sells Baker's Apartments Located in Arcadia-Lite
CAP recently finalized the sale of Baker's Apartments, a garden style apartment complex located in Arcadia-Lite
Nathan Reid, Principal of Capital Allocation Partners & Manager of Arizona Opportunities Fund III, said "When we acquired this asset in December 2017, we saw the opportunity to redevelop a low-density asset in a sub market we know extremely well having done several deals in the Arcadia Lite area over the past few years. However, after we closed the gentrification of this area continued to accelerate and we had the opportunity to sell the property for a very strong IRR to the Fund. We are very IRR focused and will always take a large known gain over a future unknown one. We wish the new owners all the best with the property".
Capital Allocation Partners is continuing to invest out of Arizona Opportunities Fund III and has numerous other projects in its pipeline. It is continuing to focus on the multi-family asset class in neighborhoods that are becoming "hot-spots" for renters that want to live in unique neighborhoods such as Arcadia-Lite, Biltmore, and Uptown Phoenix. The Company is bullish about the future commercial real estate market and will continue to deploy capital that fits into its model to get the best returns for investors.
About Capital Allocation Partners
Capital Allocation Partners ("CAP") was started in 2011 by Nathan Reid with the intent to invest in value-add multi-family real estate, medical office buildings and operating businesses. Since its inception, the Company has invested in 15 projects out of three real estate funds and is currently investing out of its third real estate fund, Arizona Opportunities Fund III. Additionally, the Company has two platform service businesses under its management. The Company focuses on purchasing value-add opportunities and re-positioning the asset to create shareholder value. The Company abides by a strict investment thesis to source and purchase each deal at a discounted rate to market and implements its investment plan to generate high returns for its shareholders. Capital Allocation Partners is focused on always putting its shareholder first and generating the highest return to its shareholder.
If you would like more information about this topic, please visit http://www.capitalallocationpartners.com