#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
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.
Projected Investor Returns (over 5.5 years)*
2.3x
Equity Multiple
16.2%
IRR
23%
AAR
8%
PREF
*Phase 1 (5.5 years) projected returns shown above for investors prior to entitlements. Phase 2 is shorter (4.75 years), and will come in when the project is closer to shovel-ready – projected returns available in the investor presentation and investor kit for both phases.
Avondale Commons Syndication
Live Investor Presentation + Investment Kit Access
Wednesday, April 7
5:00 PM Pacific | 6:00 PM Mountain
7:00 PM Central | 8:00 PM Eastern
Where should we send your Avondale Commons Investor Webinar access information?
Thursday, April 8
3:00 PM Pacific | 4:00 PM Mountain
5:00 PM Central | 6:00 PM Eastern
Where should we send your Avondale Commons Investor Webinar access information?
“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
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What We Love About This Project
Sign up for the investor presentation and discover even more things to love about Avondale Commons!
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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
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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.
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.
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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“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.
320-unit Class B multifamily development
Construction scheduled for completion early 2024
Mix of 1, 2 and 3 bedroom floorplans with private balconies
Desirable community and clubhouse amenities
Garage and outdoor parking
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:
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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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
Grocapitus
Development
ANNA MYERS
Grocapitus
Development
KEN HOLMAN
Overland Group
Development
Mike Holman
Overland Group
Development
DAVE HOLMAN
Overland Group
Development
How Grocapitus Selects Development Markets
Rent Growth
Sales Trends
Employment
Supply And Demand
What You’ll Learn In The Investor Call
We’ll cover ALL the details of this investment on the investor call, including:
Why we think this is an exceptional metro and micro-neighborhood.
What your investment looks like – cashflow, management fees, projected timeline and profit on sale, etc.
We’ll drill down into the actual property and the experience and core competencies of the development and property management team.
Best of all, there will be a Q&A where you are free to grill us and ask your hardest questions.
We look forward to sharing this exciting new opportunity with you in the investor presentation!
Avondale Commons Syndication
Live Investor Presentation + Investment Kit Access
Wednesday, April 7
5:00 PM Pacific | 6:00 PM Mountain
7:00 PM Central | 8:00 PM Eastern
Where should we send your Avondale Commons Investor Webinar access information?
Thursday, April 8
3:00 PM Pacific | 4:00 PM Mountain
5:00 PM Central | 6:00 PM Eastern
Where should we send your Avondale Commons Investor Webinar access information?
Projected Investor Returns (over 5.5 years)*
2.3x
Equity Multiple
16.2%
IRR
23%
AAR
8%
PREF
*Phase 1 (5.5 years) projected returns shown above for investors prior to entitlements. Phase 2 is shorter (4.75 years), and will come in when the project is closer to shovel-ready – projected returns available in the investor presentation and investor kit for both phases.
