Peoria, AZ – October 2, 2023 – Equity Street Capital, a prominent player in the real estate investment sector, is excited to announce its latest acquisition – the Peoria Grand Apartments, a multifamily apartment community nestled in the vibrant suburb of Peoria, AZ, just minutes away from Phoenix.
The acquisition of this 144-unit, 127,872 square feet property underscores Equity Street Capital’s strategic focus on dynamic and high-potential markets.
Situated in close proximity to major freeways and a short drive from dense employment centers, Peoria Grand Apartments offers residents convenience and accessibility. This prime location aligns seamlessly with Equity Street Capital’s vision of identifying properties with strategic advantages in areas poised for growth.
One of the key factors contributing to the desirability of this investment is the robust employment landscape surrounding the property. Within a 10-mile radius, residents have access to over 495,000 jobs at major companies, creating a strong demand for housing in the area. This thriving job market not only enhances the appeal of Peoria Grand Apartments but also positions it as a valuable asset in Equity Street Capital’s growing portfolio.
Furthermore, the projected population growth of 2.2% over the next five years indicates a steadily expanding community. Equity Street Capital recognizes the potential of this growth and is poised to contribute to the development of the Peoria community.
“We are thrilled to add Peoria Grand Apartments to our portfolio. The strategic location, coupled with the strong economic indicators and projected growth, align perfectly with our investment strategy,” remarked Paul Shively, Principal & Msnaging Partner of Equity Street Capital.
As the Phoenix suburb of Peoria continues to evolve, Equity Street Capital looks forward to playing a pivotal role in its growth story.