PHOENIX—Thomas Bradford Communities, a newly formed company founded by Peter H. Thomas and Mitchell Bradford, plans to acquire $100 million worth of multifamily assets throughout the Southwest. TBC will have offices in Phoenix and Newport Beach.

As the market continues to recover and grow, the company will focus on existing communities ranging from 50 to 400 units each. TBC's strategy is to purchase mature properties in desirable locations and reposition them into communities that inspire and promote an authentic lifestyle free of the usual conventions.

Thomas tells GlobeSt.com, “Phoenix is one of the most sought after markets. It's a strong residential area with good performance. I would prefer to put all our stakes in the Phoenix area.”