SUNRISE IN CHANDLER

1750 W Boston St.  |  Chandler, ArizONA   

INVESTMENT TIMELINE

SUNRISE IN CHANDLER

DEAL PROGRESS

R

SOFT COMMITS
OPEN

INVESTMENTS
OPEN

FULLY
FUNDED

PROPERTY
CLOSED

DEAL HIGHLIGHTS

High IRR 14-16%, EM 1.8-2.0x

97% Occupancy with 0% Delinquency

3.5-5.5% Cash On Cash in Year 1

Class A location with a Class B property

High above 6 cap rate with positive leverage

Fixed 5 Year Debt, Agency Loan

$13.5M Discount with the property selling less than the debt

ZERO BAD DEBT

Sunrise in Chandler is in a prime sub-market with an incredibly high, steady occupancy rate. 

 >> It’s currently 97% occupied. 

You might be wondering, if it’s already at 97%, how will we profit from it? Sunrise in Chandler hasn’t been updated in over a decade and desperately needs interior and exterior renovations. Only 11% of the units have been upgraded so far which creates a fantastic opportunity as a value-add multifamily asset.

Offering competitive rents, high-quality amenities, and excellent tenant services will be crucial to attracting and retaining residents in these competitive market environments – which, thankfully, is something we excel at. 

CURRENTLY 97% OCCUPIED

We decided in 2023 that we would only purchase multifamily deals with established cash flow, and this is a perfect fit. 

Most deals typically offer 2-4% cash-on-cash, with a low to mid-teens return upon sale. Sunrise in Chandler sits on the high end with 3.5-5.5% cash on cash in Year One and 14-16% IRR. What makes this deal so special is the combination of ZERO bad debt with a fixed 5-year agency loan and cash-flowing from Day One. Essentially, it’s already earning a profit even before our value-add work has been done. After we start renovations on the other 89% of the units, the property will have significant room to increase in value.

 

ONLY 11% OF UNITS HAVE BEEN RENOVATED

We’re getting a massive discount. So how is it available?

The property is being sold by a large financial institution that had placed too much leverage on the asset. They purchased the property for $54 million in 2021 and added $6 million into the property since then, now valuing it at $60M. We are buying the property for less than the debt on it, at just $46.5 million. That gives us a $13.5M discount. It’s a very well-running property, and they simply structured their deal incorrectly and over-leveraged. 

Their loss is our gain. 

 

Their deal structure might have been incorrect, but their choice of Operators was not. The institution had partnered with Sunrise as the Operator which is how we gained access to this opportunity. Sunrise is the partner we’ve worked with on two of our previous deals that are thriving–Sunrise on Bethany “Enclave” and Sunset View “Cabana Encanto.” They have done a phenomenal job operating the property, and now we’ll come in to restructure the debt and enjoy the phenomenal discount on the price!

FIXED AGENCY LOAN

Because of our existing, successful relationship with Sunrise, the Sponsor on two of those four mentioned deals, we were able to win Sunrise in Chandler!

We’ll get this property with an impressive 14-16% IRR after fees, a ~6% fixed agency loan, and a low LTV. It’s immediately cash-flowing at 3.5-5.5%.

WE APPROACH INVESTING THE SAME WAY AS MEDICINE,
WITH UNWAVERING INTEGRITY

Chandler’s economic landscape is flourishing, showing robust growth across diverse industries. According to the latest data from the U.S. Bureau of Labor Statistics, the city’s unemployment rate of 3.1% falls well below the national average. Key sectors such as technology, manufacturing, and healthcare are driving this growth, with major players like Intel, PayPal, and Microchip Technology contributing to over 50,000 local jobs.

It’s no wonder that Chandler hosts more than 30 companies from the Fortune 1000 list!

With 48% of residents holding bachelor’s degrees and an average household income of $133,000, Chandler is a fit for families and young professionals. And with an estimated 10.7% growth projected from 2020 to 2030, the city’s trajectory is set for continued success.

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.

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.