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CABANA ENCANTO

2323 North 150th Drive | Goodyear, arizona

DEAL PROGRESS

R

SOFT COMMITS OPEN

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HARD COMMITS OPEN

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HARD COMMITS CLOSED

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FULLY
FUNDED

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PROPERTY
CLOSED
 

meet the sponsors

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

Click above to learn more about this deal, there is no obligation to invest.

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

VALUE- ADD MULTIFAMILY

INVESTMENT TYPE

5 YEARS

PROJECTED HOLD

GOODYEAR, AZ

LOCATION

13-15%

PROJECTED TOTAL RETURN ON INVESTMENT

MONTHLY

DISTRIBUTION AND REPORTING

$35,000

MINIMUM INVESTMENT

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

“Syndications were the right bled of hands off and feeling close enough to the investment…I chose Ascent because I like the fact that you all have done it so many times, have personal experience with it, are all physicians, and are all really bright people… you always said that you want the interests to be aligned and I felt that was really good…felt good about the people running the company…Honestly it just felt different, the personal touch at
Ascent is just different.”

-DR. KEITH SEMLER

“It’s been about a year since I first started looking at this and I’ve + joined, did a lot of due diligence and I’ve joined a few of those syndications, and I’ve been so happy since then.

I’m involved in this much more than I thought I would ever be. And I put about 10% of my portfolio into it, and I plan to do a little bit more. And I have two adult children and I got them involved too. They’re not physicians, but they’re other professionals. One is a lawyer and one an engineer.

And they’re all adding, you know, they’re all so hungry for this information and I’m so proud that we’re all in this together. And Peter, Mith and Pranay were instrumental in getting me involved.

Thank you so much to the Ascent Group.”

-MERLYN VEMURY, MD

‘The distributions are coming regularly, some quarterly, some monthly, but very reliable. And they’re great about doing the office hours, giving you updates, sending you emails. You can ask them about how the properties are doing when you hear about, whether, fiascos like flooding in Dallas or things like that.

But, they’re usually pretty reachable either by office hours or by email for sure. And it’s nice to have that reassurance when you’ve invested to know they’re not just disappearing, but they’re still there to reassure you, to update you on how your investments going, and it gives you more confidence to invest with them again..”

-KATHERINE CHIN, MD

“We trust the team. We’ve been working with Peter, Pranay, and Mith for a couple of years and we love the team effort that theyhave created
for us the community in medicine.

Mith is the numbers guy. Pranay is definitely the teacher and Peter
just orchestrates it all together.

This is really a partnership.”

-KRISTINA KYPUROS, MD

“I’m a senior manager at a technology company and discovered Ascent through Passive Real Estate Academy. The benefits of investing in Ascent’s deals are access to the team, shorter hold periods, and lower minimum investment amounts

-ELIZABETH FLAMMINI

“I’m an Emergency Medicine Physician, and I’m always interested in how I can leverage my capital to make outstanding returns. I’m so happy to partner with Ascent Equity Group. They are so approachable and their communication is great, and they make you so comfortable when you invest with them because they are experts in their field.

I learned all about multifamily investing and never knew how to take the jump. But after learning to speak the language and talking to multiple syndicators, you start comparing apples to apples and there is no one that compared.

The amount of deals that come across their table…they are so selective in being sure that they have the best of the best and partner with the best operators to develop outstanding returns for their investor base. And you know, when we come to the table, they are able to bring us customer returns that are not available in the marketplace. If you get a seat at their table, they’re able to take your returns to the next level.

-R. JOSEPH

“It has been great and easy working with Ascent. Ascent has been my first investment experience and it surely is a great one. The team provides regular updates and responds to emails and questions appropriately.

-ABBY S.

“It has been great and easy working with Ascent. Ascent has been my first investment experience and it surely is a great one. The team provides regular updates and responds to emails and questions appropriately.

-MAGGIE  S.

“Ascent has been a stellar group from day one! Great opportunities, great market analysis, fantastic education! Regular communication. I will continue to invest with them!

-JENNIE E.

“Ascent is the best in the business. I was new to real estate investing. Their education component is top notch. They invest along side me and I have always felt our interests were aligned. They are also excellent about responding to any questions, big or small. I am simply saving up to be ready to invest in their next dead. A++.

-DAVID C.

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.