
Element at Tempe North
1855 East Don Carlos, Tempe, AZ, 85281, US
R 179,415,000 | 56 units
JLL as advisors are pleased to present the Mountain West Portfolio, a remarkable investment opportunity encompassing four multi-family assets strategically positioned across Las Vegas, NV, Aurora, CO, Tempe, AZ, and Phoenix, AZ. This portfolio offers an unparalleled entry point into high-growth markets with a total of 1,554 units.
The Mountain West Portfolio is a compelling value-add investment, consisting of architecturally significant garden-style properties with an average unit size of 941 sq ft. Each property, built between 1982 and 2000, has demonstrated durable cash flows and offers significant potential for rental growth. With properties maintained to institutional standards, new ownership can capitalize on strategic renovations and repositioning to drive rental premiums.
These assets are well-located within prime submarkets, surrounded by robust economic drivers such as Proximity to Denver's prominent employment nodes and excellent connectivity to Phoenix's Camelback Corridor. This positioning is amplified by limited new supply in each market, ensuring sustained demand and occupancy rates.
Investors are positioned to leverage market dynamics, with homeownership costs soaring 50-80% above rental prices, thereby sustaining long-term tenant demand. This portfolio sits at a discount to replacement cost, offering significant upside through market repositioning and value appreciation.
Seize this opportunity to secure a foothold in thriving locales poised for continued growth and capitalize on the stability and expansive upside this portfolio presents.


