#1 Fastest growing county in the U.S., 4 years in a row!

This amazing sun-belt area has everything investors you could possibly want – a fast growing economy, plentiful white collar jobs, a high quality of life, and a competitive cost of living.

Solid projected returns with conservative underwriting

Our strong investor return targets are based on a 3rd party independent market study, and comprehensive construction cost analysis of our nearby project.

Experienced development and management team

Our vertically integrated team allows us to control processes, reduce costs and improve efficiencies, resulting in more project resiliency and less investor risk.

Phase 2 Projected Investor Returns (4.75 years)

2.0x

Equity Multiple (Year 3)

15.5%

IRR

20.5%

AAR

8%

PREF

Request the Online Investor Kit

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Investor Presentation (Video + PDF)
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Detailed Investment Summary
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Market Study and Market News
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Investor Documents

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What We Love About This Project

Located in Maricopa County, the #1 Fastest growing county in the U.S. 4 years in a row!
The West Valley region is surging with high occupancy, strong rent and solid income growth.
Vertical integration gives the project a competitive advantage and reduces risk.
Experience - the same team is working on third project together and has built similar floor plans in multiple other projects.
Local jobs in Avondale are plentiful, creating a strong rental base.
Residents can live in Avondale with a short commute to downtown Phoenix, while paying less rent.

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

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“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

Welcome to Avondale Commons

Avondale Commons is a modern, contemporary development in the city of Avondale, in the thriving West Valley region, near the heart of the Phoenix-metropolitan area. It is the perfect addition to an area with a pro-business environment boasting an accessible skilled workforce and an incredible quality of life. It has been designed to provide the most desired conveniences for up and coming families as well as urban dwellers looking for a less dense, more relaxed suburban setting, at a more affordable price than downtown Phoenix.

Every aspect of the project, from the selection of the high growth metro, to the use of our ultra powerful Efficiency Center, has been architected to maximize income and profits while providing a high quality living experience for tenants.

Our track record on similar projects with the same development and management team, along with the unusually high demand for housing in the metro has us very excited about the potential for a resounding success. With stunning local population and job growth, we expect to see very strong demand for our units, resulting in healthy projected returns for our investors.

Real Estate Outlook

According to Zillow, homes appreciated 19.3% in Avondale in 2020 and are forecast to increase by 10% in 2021.
CBRE predicts Phoenix multifamily investment to increase to $148 billion in 2021 – a 33% gain over the 2020 estimate of $111 billion

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“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 2nd fastest growing state, the greater Phoenix-Mesa-Scottsdale metro is on a tear with a sizzling hot economy.

#1 fastest growing U.S. county (U.S. Census Bureau, 2020)

#1 Best U.S. county for jobs (EMSI, 2020)

#1 Net migration: large country (EMSI, 2020)

#1 Regional competitiveness (EMSI, 2020)

Maricopa County has achieved the #1 spot for population growth for a stunning 4 years in a row! The region is on strong footing and has benefited greatly from a resilient labor market and a positive migration. Now let’s take a look at some additional important eye-popping stats for the region.

More people moved to Maricopa County (Phoenix-Mesa-Scottsdale) than any other county in the nation last year, according to U.S. Census Bureau. This is the fourth year in a row that the county led in growth – and this time was during a pandemic.

Maricopa County added 82,011 people between July 2018 and July 2019. The County’s growth helped it maintain its rank as the fourth most populous county in the country with 4.485 million residents.

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COVID-19 Economic and Multifamily Resilience

Despite a historic pandemic, the states economy continues to be resilient, attracting technology companies and workers seeking an affordable middle-class life. The greater Phoenix-Mesa-Scottsdale metro weathered the pandemic very well, outperforming most metros during an extremely difficult time.

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Vacancies ended the year 20 basis points lower
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Phoenix rents increased an average 5.3% in 2020
Looking ahead, as per Marcus & Millichap and CBRE, the Phoenix multifamily outlook for 2021 is strong, and the projections for the local West Valley region are outstanding:
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Population projected to grow more than double the national rate of growth over the next 5 years

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“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

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The Avondale Commons Project

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.

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320-unit Class B multifamily development

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Construction scheduled for completion early 2024

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

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Desirable community and clubhouse amenities

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Garage and outdoor parking

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

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Development and Management Team

The success of any development project hinges on the strength of the development and management team, and how well they work together. This is the third project we are doing together.

Our Coyote Creek development project in St. George UT, is coming in on time, even though it faced pandemic related hurdles and potential delays. Not only that, but completed Coyote Creek units are leasing for $100/unit ABOVE projections, creating substantial additional equity for our investors in the project.

Our Falls at Crismon Commons project, in Mesa AZ, is now fully zoned and entitled with unanimous support from both the planning and zoning board as well as the City Council. Construction financing has been lined up and the appraisal came in significantly higher than the projected exit value, by about $5 million, which should help to meet or exceed projected investor returns.

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“The area is in the growth stage of its life cycle. Residents are attracted to the area for a variety of reasons, particularly the area’s affordability compared to the more centralized locations within the Phoenix Metro. Given the history of the area and the growth trends, it is anticipated that property values will continue to increase in the near future.”

Independent Market Study
Newmark Knight Frank

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How We Increase Investor Returns

This project boasts multiple income differentiators. In addition to our vertically integrated development team, which allows us to control processes, reduce costs and improve efficiencies, Avondale Commons is a perfect fit for the use of our Efficiency Center (EC).

Our Efficiency Center is the ultra powerful secret sauce that boosts investor returns and also improves the life of tenants in our communities. The two main goals of the EC are simple and straightforward:

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Fill the property to the max with high quality tenants in record time
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Keep the property filled with happy, paying tenants

By applying our world class efficiency center systems, processes and resources we are able to optimize net operating income (NOI) to a level that is revered in the industry, and generate returns that make our investors very happy.

The EC played a key role in the ongoing successful lease up of Coyote Creek, including building the pre-leasing website, and capturing and nurturing a strong early interest wait list. The strength of this list has allowed us to increase rents ~$100 over proforma, based on high demand.

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“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 Development Team

Neal Bawa Headshot

NEAL BAWA

Grocapitus
Development

Neal Bawa Headshot

ANNA MYERS

Grocapitus
Development

Neal Bawa Headshot

KEN HOLMAN

Overland Group
Development

Neal Bawa Headshot

MIKE HOLMAN

Overland Group
Development

Neal Bawa Headshot

DAVE HOLMAN

Overland Group
Development

How Grocapitus Selects Development Markets

Rent Growth

The 5 year rent growth forecast is one of our key indicators. We use a powerful proprietary method to calculate this value.

Sales Trends

We continuously monitor local sales to compute cap rates and determine whether our cap rates are on target to reach our projections.
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Employment

We look for metros and submarkets that are adding a significant number of high-paying jobs, resulting in a stable local economy.

Supply And Demand

We monitor the supply of local units carefully to ensure it will not spike the vacancy rates and negatively impact rents.

Grocapitus Syndication Benefits

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Syndication Leverage

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

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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.
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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.

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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

Request the Online Investor Kit

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Investor Presentation (Video + PDF)
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Detailed Investment Summary
Z
Market Study and Market News
Z
Investor Documents

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

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

Phase 2 Projected Investor Returns (4.75 years)

2.0x

Equity Multiple (Year 3)

15.5%

IRR

20.5%

AAR

8%

PREF

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.

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