It will be designed to appeal to every level of income from starter to move-up to second move-up to active adult. |
It's a core asset in a strong location. |
Lowe Enterprises is well-established in the greater Phoenix market and will continue to advance our program of investments and developments. |
Our local market knowledge and experienced real estate team combined with our strong financial relationships allowed us to move quickly to secure this opportunity. Phoenix remains a highly competitive commercial real estate market and the ability to underwrite and close quickly is key to capturing assets like these, that are an ideal fit for our portfolio. |
The market is strong and it was an opportunity that we wanted to take advantage of. |
Though this wasn't our initial transaction with GE, it was significant. It cemented the relationship and encouraged both sides to increase our portfolio. |
We're looking for quality properties that are experiencing below-market occupancy levels or properties that, for whatever their reason, are in need of capital expenditure. We can then put a marketing focus team in there to lease them up. |