Phoenix

Rapid rent growth, surging demand and an outdated apartment stock has meant big opportunities for value-add apartment investors.

Strong user demand has driven construction activity, but it might also start to drive land and construction costs up.

The Phoenix market was among the hardest hit during the recession, but the retail market has finally returned to pre-recession activity—and it is a good sign of the future.

The market has added 12,650 tech jobs in the last five years and with a tech job base that makes up 4% of total employment, the market is now ranked #15 for tech jobs.

Ecommerce accounts for 39% of all lease transactions, and the Southwest Valley is getting a bulk of the leasing and new development activity.

"Initially built as a P3, Century Hall plays an important role on ASU Poly's campus."

The 16 industrial and warehouse properties that comprise the industrial portfolio collectively total nearly 3 million square feet across Washington, Nevada, California and Arizona in seven markets.

The fund is designed to invest in the Opportunity Zones created under the Tax Cuts and Jobs Act of 2017.