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February 24, 2017
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PROPERTY MANAGEMENT NEWS
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$3 Mil in Renovation and Rebranding Completed on Four Phoenix Multifamily Assets

3/10/16

San Diego-based Sunrise Management has wrapped up more than $3 mil in renovation work and rebranding of four Phoenix area multifamily properties. The assets were recently acquired by San Francisco-based 29th Street Capital for nearly $19.3 mil.

The properties – the 206-unit Sonoran Palms, the 92-unit Mark@87 and the 108 unit Village Green (all in Mesa) and the 72 unit Williams Gateway in Gilbert – have each received major interior improvements including new sales office furnishings and dιcor, new flooring, carpeting, appliances, lighting and paint in all units. All the properties have also received significant landscaping and exterior upgrades, including:

• Sonoran Palms: A new dog park and picnic area, exterior painting, pool renovation and outdoor furnishings, parking lot resurfacing, as well as a new name, logo and signage
• Mark @87: Added limited access gate system, exterior paint, pool rehab and new furnishings, parking lot resurfacing and a new name, logo and signage
• Village Green: Added a dog park and picnic area, exterior painting, pool area redo and new outdoor furnishings, conversion of storage units to apartments, new logo and signage
• Williams Gateway: Installation of a dog park and BBQ /picnic area, exterior painting, pool rehab and outdoor furnishings, a new name, logo and signage

Sunrise currently manages 4,363 units in the Phoenix area, with properties in Phoenix, Mesa, Tempe and Scottsdale.




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