CABANA ENCANTO
2323 North 150th Drive | Goodyear, arizona
DEAL PROGRESS
SOFT COMMITS OPEN
HARD COMMITS OPEN
HARD COMMITS CLOSED
FULLY
FUNDED
PROPERTY
CLOSED
why we like this deal
DEAL HIGHLIGHTS
$21 Million
below market price purchase price
13-15%
projected internal rate of return
(after all fees!)
2-3 months
expected first distribution because it’s already cash flowing
4-6%
projected annual cash-on-cash
returns
8%
projected preferred returns
1.8-2x
of Equity Multiplier
75%+
profit split to the investors
Cost-segregation
will be completed
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Open to verified accredited investors ONLY
Passively invest in this thriving apartment complex in Goodyear, AZ, a suburb of Phoenix, which is one of the top 10 fastest-growing cities in the United States.
We have been following this property since it was built in 2022 and have now purchased it at a $21 million discount due to negotiating for nearly 6 months and buying directly from the Builder. We will close in June 2023.
Cabana Encanto is a 286-unit value-add multifamily asset that was thoughtfully designed with sought-after amenities [take a look at the beautiful pictures!] It offers attainable luxury for residents that provides the lifestyle they desire at an incentivizing price point.
Ascent is thrilled to announce this rare gem in the current market because it is a recession-resistant deal. Encanto is a new construction that already has cash flow. This de-risks unforeseen out-of-pocket expenses, which leaves more money to return to our investors.
More importantly, due to the low price per unit we received, the property will be able to outcompete other new construction by offering lower rents while still turning a profit (ie.1600 a unit at Cabana Encanto vs. 1900 at other new construction). We are buying the Encanto at 222k per unit while the average price in Phoenix is almost 270k per unit and other Cabana properties are over 320k per unit.
Even though it is a gorgeous new build, there is still significant value-add opportunity. Currently, the studios and one-bedrooms are renting out washers and dryers, so we will be providing these as permanent fixtures to these units. Additionally, we will convert the shared laundry spaces into brand-new units.
Not only that, but there is ample room for upgrades in the outdoor community spaces, providing reserved parking, bundled services, and making operational improvements.
We expect significant value to be added after the renovations are complete.
CABANA ENCANTO WEBINAR
Tax-advantaged investment due to bonus depreciation.
DEAL SUMMARY
photos
See your money nearly double over the next five years, so you can fund life’s big events with ease.
WHAT OUR INVESTORS SAYS
DR. PRANAY PARIKH
President
have Questions?
If you have any questions please feel free to message us at info@ascentequitygroup.com or would like to talk to one of us about anything fund related feel free to reach out to schedule a call.
We approach investing the same way as medicine, with unwavering integrity.
There are a lot of bad investment deals out there, so a few years ago, we decided to create a course educating our peers and colleagues on how to ethically, safely, and wisely choose which deals to pursue. Even though our students successfully invested over $500,000,000 themselves, they continued to ask us which deals we were personally investing in – and that’s how Ascent Equity Group was born. From educating and empowering our fellow Physicians in the world of passive investing and now bringing deals directly to you.
We happily serve all accredited investors! We simply often speak directly to those in the medical field because that’s where the three of us Founders came from.
But we’re also all dads. That’s the true driving force behind everything we do. We wanted to practice medicine on our terms so we could enjoy life with the people we love, and we are dedicated to doing the same for you.
