DSI partnered with the Sponsor to acquire and renovate Adagio Apartments, a 208-unit garden style multifamily property. This project presented investors with the unique opportunity to acquire and reposition an existing multifamily property in Phoenix, AZ. Due to the increased demand for rental product in the area, the building sold sooner than expected at a higher sale price than originally forecast.
Sector Value-Add Multifamily
Number of units 208 units
Investment Type JV Equity
Term (months) 36 Months, renovation to be complete in 24 months