Sterling on 28th

Sterling on 28th
Phoenix, Arizona

Property Address:
11821 N. 28th Dr.,
Phoenix, AZ 85029

A 224-unit property, the Brentwood Apartments were purchased in June 2015, and soon rebranded as Sterling on 28th.

Ownership arranged a 70% LTV bridge financing at closing, along with a strategic private investor capitalization structure that took advantage of the below-market entry point and under market rents.

Ownership then repositioned the asset and updated the leasing office, clubhouse, model, and common area amenities.

Rebranded, refurbished, and revitalized, Sterling on 28th was sold in 2016 for a very attractive return to investors.