Z

A deal of this type is very rare.

Z

Solo 401K, SD-IRA, QRP

Z

506c for Accredited Investors

No Construction Risk
Certificate of Occupancy Secured (2025)
Extraordinary Senior Capital Position
Sits Beneath $31.5M of Existing Equity
Priority Returns
Priority Returns Are Paid After Investors Receive Their Capital Back.
Webinar

Avondale Commons | Phoenix, AZ

324 Units  •  New Construction  •  Class A Multifamily Opportunity

Choose a session and secure your spot

Webinar 1
📅 Tuesday, April 8, 2026
  • 2:00 PMPacific
  • 3:00 PMMountain
  • 4:00 PMCentral
  • 5:00 PMEastern
Register Here →
Webinar 2
📅 Wednesday, April 9, 2026
  • 5:00 PMPacific
  • 6:00 PMMountain
  • 7:00 PMCentral
  • 8:00 PMEastern
Register Here →

Where should we send your Avondale Commons Viking Capital Investor Webinar 1 access information?

Privacy Policy: We hate spam and promise to keep your email address safe

Where should we send your Avondale Commons Viking Capital Investor Webinar 2 access information?

Privacy Policy: We hate spam and promise to keep your email address safe

What We Love About This Project

Located in Maricopa County, the #1 Fastest growing county in the U.S. 6 years in a row!
The West Valley region is surging with high occupancy, strong rent growth
Tax-advantaged investment returns (cash flow and appreciation).
2025-built, 324-unit multifamily — no construction or entitlement risk
New investors sit beneath $31.5M of equity
Priority profits: existing investors receive nothing until new investors hit 16% Projected IRR
Entering at lease-up phase — major risk already absorbed
Restructured capital stack designed for today's market realities

Sign up for the investor presentation and discover even more things to love about Avondale Commons!

Capital Structure

How the Capital Stack Works

DEBT / LENDER
$31.5M EXISTING INVESTORS
NEW INVESTORS ★ You are here (senior position)
$31.5M of existing equity acts as a buffer below new investors
Existing investors have agreed to subordinate their returns
New investors receive priority profit distributions

“I invested in Park Canyon with Grocapitus. Neal, Anna and team are both excellent at what they do and return better than predicted returns. For this particular project I received a 2.4 gross equity multiple return in less than 3 years. This way exceeded expectations.

What impresses me about Grocapitus is their quality research on every aspect of the market, their excellent communications and updates to investors, and their ability to add value to every property they touch.

I also appreciate their personal care about their investors and that they are accessible to discuss investments and concerns in a prompt manner. I highly recommend them for real estate investment.”

MARK C., Grocapitus Investor

Welcome to Avondale Commons

Avondale Commons is a newly completed multifamily community located in Avondale, within the rapidly growing West Valley of the Phoenix metropolitan area. The property sits in a corridor that has consistently benefited from strong population growth, job expansion, and increasing demand for attainable suburban housing.

Designed to meet the needs of today’s renters, Avondale Commons offers modern living at a more accessible price point than central Phoenix, making it well-positioned for long-term demand from both families and young professionals seeking value and space.

Like many new developments delivered into the current market cycle, the property is experiencing a more gradual lease-up and slightly softer rental environment than originally projected. These conditions reflect broader market normalization rather than project-specific issues.

In response, the investment structure has been strengthened with additional capital, creating a more resilient foundation as the property moves through stabilization. This positions new investors to enter at a later stage in the lifecycle, with the benefit of a more established asset and a capital stack designed to support performance through this phase.

The focus ahead is on steady lease-up, operational efficiency, and capturing demand as market conditions continue to stabilize. With the long-term fundamentals of the Phoenix metro area still intact, Avondale Commons is positioned to benefit from ongoing regional growth while navigating the current environment with discipline.

This opportunity is best suited for investors seeking a balanced approach—combining current market realism with long-term growth potential.

Secure My Spot Now

Where should we send your Avondale Commons Investor Kit access information?

Privacy Policy: We hate spam and promise to keep your email address safe
“I have invested in a couple of opportunities with Grocapitus. One of them is a multifamily property, which has been performing superbly, and way better than the initial predictions. The second one is a new construction project, which is on-time, even during the COVID-19 pandemic. And the marketing material that the team has put together to lease these new units is top-notch. Awesome job by Neal and his team in managing the properties and consistent communication with their investors.

As a Limited Partner to invest in a syndication, for me, trust is a big factor. With Neal’s vast experience in multifamily construction, data-driven approach, and creative ways in solving problems as well as straightforwardness helped in creating the trust. I look forward to working with Neal on future opportunities.”

AVINASH P., Grocapitus Investor

A Phenomenal Metro For Growth!

Located in the 3rd fastest growing state, the greater Phoenix-Mesa-Scottsdale metro is on a tear with a sizzling hot economy.

#4 nationally for numeric population growth — Phoenix-Mesa-Chandler added ~85,000 new residents in 2024 (U.S. Census Bureau, 2025)

Net in-migration hit a 15-year high in 2024, fueling continued housing demand across the metro

Strongest multifamily year on record in 2021 (Kidder MattheJob growth outpacing the national average — Phoenix added 52,400 jobs in 2024 (2.2% growth vs. 1.3% nationally) (BLS)
ws Report)

$65B+ in semiconductor investment led by TSMC — creating tens of thousands of high-wage jobs and driving sustained in-migration
ws Report)

Record 19,000+ multifamily units absorbed in 2024 — more than double the historical average, proving the depth of renter demand (CoStar)

Maricopa County (Phoenix-Mesa-Scottsdale) has achieved the #1 spot for population growth for a stunning 6 years in a row! The region is on strong footing and has benefited greatly from a resilient labor market and a positive migration. More people moved to Maricopa County (Phoenix-Mesa-Scottsdale) than any other county in the nation last year, according to U.S. Census Bureau. The County’s growth helped it maintain its rank as the fourth most populous county in the country with 4.485 million residents.

Phoenix has recovered ALL jobs lost during the pandemic, and has an unemployment rate of 2.7% (April 2022), which is 25% lower than the U.S. rate.

The severe housing shortage continues to put upward pressure on home prices and would require 250,000 new residences to be built to solve the problem.

Secure My Spot Now

Where should we send your Avondale Commons Investor Kit access information?

Privacy Policy: We hate spam and promise to keep your email address safe

“The Greater Phoenix region continues to grow in population and economic vitality. Stakeholders are dedicated to working in collaboration to further enhance a growing economy. Opportunities are boundless in the West Valley, as leaders remain vigilant in strategic planning focused on the long-term impacts.”

Chris Camacho
President and CEO, Greater Phoenix Economic Council

Inspirational image. Subject to change.

Avondale Commons: Built and Leasing

The project is located in the city of Avondale, the keystone business community in Metropolitan Phoenix’s flourishing West Valley. It’s proximity to strategic transportation corridors and access to a skilled STEM workforce has made it the city of choice for forward thinking investors and business owners.

Our location is only 1.7 miles from the Health Tech Corridor with 70,000+ healthcare and 18,000 technology jobs.  Plus, across the street is the Phoenix Children’s Specialty & Urgent Care Center with a $33.5M medical office building expansion beginning soon.

Avondale Commons has an appealing, modern design and highly desirable outdoor and community features. Based on our local construction experience, the project has been value engineered to optimize costs and deliver a competitive product that will attract up and coming families along with skilled healthcare and tech workers.

W

Now in active lease-up phase

W

324-unit Class A multifamily townhome development

W

Mix of 1, 2 and 3 bedroom floorplans with private balconies

W

Desirable community and clubhouse amenities

W

Garage and outdoor parking

W

Unique, personalized design touches and integrated "work from Home" flex spaces

Secure My Spot Now

Where should we send your Avondale Commons Investor Kit access information?

Privacy Policy: We hate spam and promise to keep your email address safe

Investment & Management Partnership

Asset Management & Operations

Grocapitus Investments is a data-driven multifamily investment firm founded by Neal Bawa — known throughout the industry as the "Mad Scientist of Multifamily." Grocapitus sources, acquires, and actively manages large-scale apartment communities across high-growth U.S. markets, treating every investment as an ongoing experiment in efficiency and optimization.

4,400+
Units Under Management
$436M
Assets Under Management
1,300+
Investors Nationwide
11
States
"

Data beats gut feel by a million miles.

Neal Bawa, CEO & Founder
Capital Strategy & Institutional Structure

Viking Capital is a nationally recognized multifamily private equity firm founded in 2015 by Vikram Raya. The firm delivers institutional-grade multifamily investments structured for resilience, disciplined execution, and long-term risk-adjusted returns — with a proven track record across market cycles.

6,200+
Units Acquired
$1B+
Total Capitalization
1,100+
Investors Nationwide
18.9%
Avg IRR on Realized Projects
"

Preserving capital while elevating communities.

Dr. Vikram Raya, CEO & Co-Founder

Your Priority Return Structure

When you invest in Avondale Commons today, you’re entering a carefully restructured capital stack designed with one goal in mind: prioritizing your outcome before anyone else’s.

Here’s exactly how it works:

You Are Senior in Profits — Not Just Capital Most real estate deals treat all equity investors the same. This deal is different. New investors hold a senior position not only in the capital stack, but in profit distributions. That means you get paid before existing investors — on every dollar of cash flow.

Existing Investors Get Nothing Until You Hit 16% Projected IRR This is the most important protection in the structure. The existing investors — who have been in this deal since the beginning — have agreed to subordinate their returns. Until new investors achieve an 16% Projected IRR, existing investors receive:

Z

No profit distributions

Z

No return of capital

This creates a powerful alignment of interests. Everyone involved is motivated to perform for you first.

$31.5M in Existing Equity Sits above You New investors sit beneath $31.5 million in equity that was deployed during the construction and development phase. That capital cushions your position. Before any loss would reach a new investor, it would have to wipe through tens of millions of dollars in existing equity first.

Secure My Spot Now

Where should we send your Avondale Commons Investor Kit access information?

Privacy Policy: We hate spam and promise to keep your email address safe

Inflation Emerges as the Silent Wealth Killer

Inflation surged to a shocking 9.1% in June 2022 — the fastest rate in over 40 years. The Federal Reserve responded with its most aggressive interest rate hiking cycle in four decades, raising the Fed Funds Rate from near 0% to 5.25–5.5% between 2022 and 2023.

The good news: it worked. Inflation has come down significantly, sitting at 2.4% as of early 2026.

The not-so-good news: it’s still above the Fed’s 2% target — and even “mild” inflation quietly erodes the real value of every dollar sitting in cash or low-yield accounts. At 2.5% annual inflation, $1,000,000 in purchasing power becomes just $780,000 in real terms over ten years — without a single market crash.

That’s why real assets matter more than ever.

Multifamily real estate has historically been one of the most resilient inflation hedges available to private investors. Unlike bonds or savings accounts with fixed returns, apartment rents reset annually — allowing income to adjust as prices rise. According to research across 1994–2022, apartment rents grew an average of 6% per year during elevated inflation periods, compared to less than 3% during low-inflation environments.

Plus, hard assets retain intrinsic value when purchasing power erodes. Property values, rental income, and replacement costs all tend to move upward with inflation — providing a natural defense that paper assets simply cannot match.

Rate of Inflation

SOURCE LINE (below the chart)

Source: U.S. Bureau of Labor Statistics (BLS), January 2020 – February 2026.

SOURCE LINE (below the chart)

Source: U.S. Bureau of Labor Statistics (BLS), January 2020 – February 2026.

Renting vs Owning

Renting vs Owning

The rental payment vs mortgage payment dynamic is critical to making prudent real estate investment decisions. And TODAY, that dynamic is MASSIVELY in favor of landlords. In the previous chart you can see the gap between rents and home prices is the highest in history. Higher than 2005 and 2006.

Even though the green line, rents, show a spike in the last year, the spike in mortgage payments is sooooo much bigger. Higher prices and higher interest rates have made this one of the absolutely WORST times in history to buy a home, placing more demand on multifamily.

p

The monthly payment for a new purchase is more expensive than average apartment rent by a whopping 57%

p

#1 Widest gap on record!

ACCESS THE INVESTOR KIT

Where should we send your Avondale Commons Investor Kit access information?

Privacy Policy: We hate spam and promise to keep your email address safe
“I have several investments with Neal Bawa through Grocapitus. I trust that his underwriting is conservative and accurate. He is very knowledgeable about market conditions and is happy to share his research. During the course of the investments Neal and Anna are both very responsive and prompt in answering questions.

Their reporting is consistent, timely, and provides an honest portrayal of how the property is doing. The returns I have received on my investments have been very close to proforma projections, even in these very difficult pandemic times. I would definitely invest with Grocapitus again in the future.”

FARZANA P., Grocapitus Investor

Introducing the Team

Neal Bawa Headshot

NEAL BAWA

Grocapitus Investments
CEO & Founder

Neal Bawa Headshot

Peter Majeski

Grocapitus Investments
Director of Investor Relations

Vikram Raya

Viking Capital
CEO and Founder 

Christopher Parrinello

Viking Capital
Senior VP of Capital Markets & Head of Investor Relations

Grocapitus Syndication Benefits

Z

Syndication Leverage

Leverage our vast experience, financial sponsorship strength, and capital aggregation to invest in otherwise unobtainable, high-value apartments with high returns.

Z

Tax-Advantaged INVESTING

Enjoy the potential for tax advantages such as depreciation, accelerated depreciation/cost segregation, passive income tax treatment, IRA investing, and death tax benefit.

Z

Principal Reduction

Through the life cycle of the syndication, rental income from the property pays down debt service. Upon the sale of the property principal reductions will be returned to investors.

Z

Recession Resistant

Regardless of the economy, people still need a place to live. Rental properties have done historically well in past recessions.

Take a Tour of The Project

“Neal and his team are awesome! I’ve invested in 4 projects with him and after 2 years we’ve already sold one. He’s outperformed other syndicates that I’ve invested with for much longer. I love getting his monthly updates. It’s rare to have a syndicator update us so regularly.

Grocapitus is a breath of fresh air. They do things differently and way better than their competitors. Thank you Neal for being an amazing leader to your team! I couldn’t be happier with the results so far. Looking forward to investing more in the future.”

SARAH L., Grocapitus Investor

This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the Private Placement Memorandum (PPM). The PPM and its exhibits contain complete information about the Property and the investment opportunity. The information contained herein is not a substitute for an investor’s complete review of all of the information attached to the PPM as part of their own due diligence regarding this investment opportunity and its suitability for their investment portfolio.

415.326.8878

info@grocapitus.com

 

LET US HELP YOU RECEIVE MORE PASSIVE INCOME