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NEW ACQUISITION
PHOENIX, AZ
NOW OPEN TO INVESTORS
Blue Lake Capital is pleased to announce our latest acquisition in Phoenix, Arizona and is extending accredited investors the opportunity to invest. Qualified investors will have the option of investing directly in this property or through our Blue Lake Multifamily Fund.
The property is a 1996 institutional-quality asset consisting of 432 garden-style apartments. It is currently maintaining 95% occupancy and has realized proven renovation premiums, though it remains below comparable properties and market rents, allowing investors the opportunity to take advantage of our proven value-add strategy.
The property is located in the heart of Phoenix’s major employment corridors with ±315,000 jobs within five miles of the community and ±800,000 jobs within 10 miles, providing access to a very strong tenant base. Additionally, it is situated just south of one of the most expensive zip codes in Phoenix where the average single-family home value is $1.3 million.
Blue Lake plans to hold the Property for 5 years to maximize growth in equity value from operating income.
What We Love About This Deal:
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Blue Lake exclusively negotiated the purchase of Arcadia, excluding any competitors, since it was an off-market deal.
Irreplaceable Fixed-Rate Debt
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This deal brings an opportunity to secure fixed debt at a uniquely low interest rate. This presents a great opportunity to buy an asset that cash flows from day 1 with great debt terms.
Conservative Underwriting:
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Though the Blue Lake team has successfully increased NOI on other assets by over 20%, we are conservatively underwriting throughout the hold period, and only growing NOI by 6% in Y1.
Proven Value Add Potential:
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Though we have achieved ~19% rent premium on our other properties renovations, and though other nearby properties' rents are up to $464 higher than the Property’s rents, we have underwritten to a lower number to remain conservative.
Strong Tenant Base & Collections:
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The Property has very low historical bad debt and minimal existing delinquency since the tenant base is well established and strong.
Secure Your Investment Opportunity Now
WHAT ARE THE ADVANTAGES OF INVESTING WITH BLUE LAKE?
High-Quality Assets at Favorable Terms
Current macroeconomic conditions are beginning to drive market dislocation, which we believe will offer a generational opportunity for investors to acquire institutional quality assets at more favorable terms, including price!
Investors Come First
Blue Lake Capital prioritizes our investors, first and foremost. While there are many options available for investors today, Blue Lake Capital investors repeatedly invest with us. We are honored by this and are highly committed to keeping our investors at the forefront of our fiduciary responsibilities.
Transparency
We pride ourselves on reporting and communication throughout the entire investment cycle; from initial underwriting to distribution and disposition so investors have the most accurate, honest, and up-to-date information regarding their investment.
Exclusive Investment Opportunity in Phoenix, Arizona
Located in the heart of Phoenix’s major employment corridors, this value-add asset is an off-market deal with a strong tenant base and fixed debt rate.
We are only accepting new investors for a limited time.
TARGET HOLDING PERIOD
5 YEARS
STRATEGY
VALUE-ADD
MINIMUM INVESTMENT:
$100,000
Alignment of Interest With Investors
Ellie Perlman, Blue Lake’s CEO and Founder, personally invests a substantial amount of her own capital, as well as her families’ funds, in every asset Blue Lake acquires. This ensures every acquisitions, the management of the assets, and the timing of dispositions are equally beneficial for all parties, as everyone is invested together.
Strong Performance on Exited Deals
Our track record competes with some of the largest institutions in real estate with an average net IRR of 30.9% to investors. We are obsessed with our investors and continually strive to exceed our commitments to them.