Investment Highlights

• Best-in-Class Amenity Rich BTR Community

  Elux at McQueen pairs low-density detached and duplex homes with private yard, townhomes with attached garages, and an amenity set that rivals luxury Class A conventional product — resort-style pool with cabanas and spa, expansive clubhouse, fitness center, pickleball court, and dog park — delivering the privacy of single-family living with the luxury of professionally managed apartment amenities.

• Proven Lease-Up Performance & Embedded Growth

  The community’s robust tenant demand is showcased by the property’s ability to reach 96% leased within roughly ten months of opening — demonstrating durable, immediate renter demand for its differentiated product, with income upside through unit turns and mark-to-market.

• High Barriers to Entry and Limited BTR Development

  Chandler’s infill nature, limited land, and restrictive zoning create significant barriers to new development, particularly in build-to-rent. Only 469 conventional units are currently under construction citywide, with no BTR pipeline.

• High Mortgage Rates and Limited Resales Bolster Build-to-Rent Demand

  Elevated mortgage rates and constrained resale inventory are expected to sustain strong demand tailwinds for Elux’s differentiated offering, keeping high-income households in the rental pool. With 30-year rates near 6.75% and a median home value of approximately $700,000 within a 3-mile radius, renting at Elux offers an estimated $2,852 in monthly savings versus homeownership — meaningfully more cost-effective than owning in Chandler.

• Affluent, Highly Educated Chandler Demographics

  Elux sits in one of Metro Phoenix’s most desirable submarkets, with a median household income of approximately $119,000 within a 3-mile radius and 74% in white-collar occupations. A growing population of roughly 122,000 within three miles — up over 5% in five years — underscores a high-income, ownership-priced market that continues to drive durable renter demand.

• Chandler: Top-Ranked School District in Arizona

  Elux is situated within Chandler Unified School District — the #1 district in Arizona — giving residents access to its highly rated (A) schools, renowned for educational excellence and consistently earning statewide accolades.

• Strong Employment & Infrastructure-Driven Demand

  With immediate access to Loop 202 and nearby Loop 101, Elux reaches over 70,000 employers and ±1,084,000 jobs within a 30-minute commute. Proximity to Intel and the Price Road Corridor anchors a diversified base across advanced manufacturing, technology, and healthcare — reinforced by Intel’s $32 billion Ocotillo expansion and ongoing Chandler Regional Hospital growth.

• Proximity to Lifestyle and Entertainment

  Immediately adjacent to Tumbleweed Park, with easy connectivity to premier destinations across Chandler and Gilbert — San Tan Village (~10 min), Chandler Fashion Center (~12 min), Downtown Chandler (~10 min), and Downtown Gilbert (~15 min).