Arizona Opportunities Fund II, A Capital Allocation Partners Fund, Completes Sale Of Arcadia Edge

CAP recently finalized the sale of Arcadia Edge Apartments, a garden-style apartment complex located in Arcadia-Lite
PHOENIX - April 30, 2018 - PRLog -- Capital Allocation Partners is pleased to announce the sale of Arcadia Edge Apartments, which it fully repositioned in the Arcadia-Lite neighborhood. The sale marks the near close of Capital Allocation Partner's  Arizona Opportunities Fund II, which will be fully liquidated to its investors in Q2 2018 and provide an Annualized IRR north of 33%.

Nathan Reid, managing director of Capital Allocation Partners said, "When Royce Munroe of ABI brought us this deal in November 2016 we immediately saw the amazing potential of this property. It was a single story, all 2BR property with mature landscaping and a real community feel. The previous ownership had been the same since it was developed, and it needed a major refresh to reflect the amazing location and the mega trend of infill properties like this being a great place to redevelop. In conjunction with Orange Construction, we embarked on a full interior and exterior renovation that was extensive and brought this community back to life. We want to thank all our partners on this project including, Geoff Boeyenga of Orange Construction, Royce Munroe of ABI, Kelli Barry of IDS, Mike Shano of Associated Signs, Brian Buster of Two Seasons Air Conditioning and Bruce Wellette of Western Fence for making this project so easy, on budget and most of all an amazing financial success. We are unaware of a project delivering a 200% gross IRR to investors in such a short period of time and are thrilled with this outcome. Lastly, we want to thank our equity investors for allowing us to operate with no oversight and complete autonomy to do what is right from a capital allocation perspective."

Capital Allocation Partners is distributing returns to investors out of Fund II and currently deploying capital 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.

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Nathan Reid
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Tags:Commercial Real Estate, Multi-family, Finance
Industry:Real Estate
Location:Phoenix - Arizona - United States
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