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1031 Eligible

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Solo 401K, SD-IRA, QRP

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506c for Accredited Investors

#1 Fastest growing county in the U.S., 6 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

The sponsors are so confident they are planning to invest $2M+

The sponsors love this metro and the project so much then are now planning to increase their investment from $450K to over $2M

Experienced development and management team

Our rock-star vertically integrated team has developed over 2,500 multifamily units. It is our third time working together, which gives us a competitive advantage and reduces investor risk

Projected Investor Returns (5 years)

2.3x

Equity Multiple

18.1%

IRR

25.7%

AAR

8%

PREF

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This is a 506c investment for accredited investors

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

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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. 6 years in a row!
The West Valley region is surging with high occupancy, exceptional rent growth and solid income growth.
Vertical integration with a rock-star team gives the project a competitive advantage and reduces risk.
Experience - the same team is working on our third project together and has built similar floor plans in multiple other projects, one in the same metro.
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.
Real estate is considered to be a hedge against inflation.
Tax-advantaged investment returns (cash flow and appreciation).
Reduced risk - new phase 2 investors are coming in late in the process

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

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“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 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.

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

#1 highest population growth (U.S. Census Bureau, 2021)

Population growth 3.6x faster than the national avg (2012 – 2022)

Job growth 6x faster than the national avg (2012 – 2022)

#1 year-over-year home price gains, +32.9% vs 19.8% nationwide

Strongest multifamily year on record in 2021 (Kidder Matthews Report)

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.

According to Marcus & Millichap, since 2020, Phoenix leads the pack for rent growth, with rents up a huge 30.7%. 

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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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324-unit Class A multifamily development

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Construction scheduled for completion late 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.

In addition, this is the second time working together in this same metro, so we are able to leverage the same on-the-ground teams. For example, the lender from our first project in this metro loves the Avondale Commons project so much they are ready to close on the construction loan in August, strongly reducing the capital market risk, which is a big deal in this lending environment.

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“Rent growth throughout the metro has been strong in recent years while maintaining low vacancy. There are widespread employment opportunities within the area, with more on the way.

The subject’s units are anticipated to be highly desirable, and the proposed unit mix is anticipated to be attractive to the local demographic. The subject has good retail supportive services within just one to two miles.”

Independent Market Study Conclusion – Feb 2022
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 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

Our EC center boasts powerful stats. We currently have a run rate of nearly 20,000 tenant leads a year and 4,500 tenant appointments a year.

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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Inflation Emerges as the Silent Wealth Killer

Inflation has risen to a shocking 8.5%, at the fastest rate in over 30 years. According to Berkadia, apartments have the strongest risk-adjusted performance during both times of moderate (2-5 percent) and high inflation (5+ percent).

Investments backed by hard assets have the ability to retain value when inflation rises. Property and rental prices tend to increase with inflation, making multifamily investing an excellent strategy to hedge against inflation. Inflation is good for homeowners and landlords.

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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
CEO & Founder

Neal Bawa Headshot

ANNA MYERS

Grocapitus
COO

KEN HOLMAN

Overland Group
Development

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

“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

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

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

This is a 506c investment for accredited investors

Z
Investor Presentation (Video + PDF)
Z
Detailed Investment Summary
Z

Market Study

Z
Investor Documents

Phase 2 Projected Investor Returns (5 years)

2.3x

Equity Multiple

18.1%

IRR

25.7%

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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