Investment Highlights

• Highly Amenitized Low-Density Community

  The Rev stands out as a premier investment opportunity in the Class B market, offering a suite of high-end amenities typically reserved for Class A properties at a steep discount. The property features heavily modernized interiors, durable concrete subfloors, and a two-story, state-of-the-art fitness center. Each unit is equipped with permitted in-home washer and dryer installations, enhancing tenant convenience. Residents also enjoy a deep amenity package, elevating the living experience far beyond the standard for comparable assets in its class. The combination of thoughtful modernization, superior construction, and lifestyle-driven amenities positions The Rev as an exceptional asset with strong renter appeal and solid long-term value. 

• Substantial Capital Infusion

  The Rev features a total capital infusion of over $7,000,000 from prior ownerships spanning 2017-2025. Combined exterior improvements include full exterior wood repair, paint, and doors, new dual pane windows, new dual pane sliding patio doors, new flat foam roofs, exterior lighting package, full leasing office and fitness center renovation, updated property signage, enhanced landscaping, updated pool furniture, additional covered parking, new barbeque grills, new storage units, new dog park, and new package locker room. 

• Prime, Infill Location Near Leading Demand Generators

  The Rev enjoys a premier infill location in the Southeast Valley, placing residents at the heart of Greater Phoenix’s high-earning jobs and exceptional quality of life. The area’s robust employment base, including leaders in technology, finance, and advanced manufacturing, continues to attract top professionals. This concentration of white-collar opportunities, paired with abundant lifestyle amenities and a thriving suburban culture, solidifies the East Valley as one of the most sought-after destinations in the Phoenix metro. 

• Walkable Site Location

  The Rev has excellent dual street exposure on Rural Road and Southern Avenue along with a truly walkable location for residents to take advantage of the Tempe neighborhood. Amenities walkable across the street from The Rev are Walmart, Fry’s Grocery with Starbucks Coffee, Tempe Public Library and Historical Museum, and neighborhood schools including Tempe Preparatory Academy (A+ rated). 

• Exceptionally Insulated Submarket

  The Rev benefits from a uniquely insulated competitive landscape. While new construction activity has surged across the Phoenix metro in recent years, much of Tempe’s current and future development is concentrated in high-cost, high-rise, and mixed-use projects clustered around ASU. This emphasis on dense, urban product materially limits the delivery of attainable, low-density communities like The Rev. 

  The Rev’s Central Tempe Corridor is surrounded by fully built-out residential neighborhoods with limited developable land, creating high barriers to entry and an exceptionally supply-constrained submarket, with no multifamily properties currently under construction or in lease-up. As a result, The Rev is well positioned to deliver durable cash flow, limited competitive pressure, and long-term valuation support in a highly desirable infill location. 

• Opportunity to Buy Below Replacement Cost

  Given the rising costs of land and materials, as well as challenges in securing attractive financing, development costs have increased significantly across the MSA. This offering provides the opportunity to acquire a stabilized asset in a prime, supply-constrained location at a meaningful discount to current replacement cost, without the execution risk, timeline uncertainty, and capital volatility typically associated with new development. Importantly, significant capital investment has enhanced the asset’s condition and livability while preserving an attractive rent position below Class A alternatives, supporting sustained renter demand in a submarket where new supply remains limited.