April 5, 2021

Enclave at Paradise Valley Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of Enclave at Paradise Valley (the “Property”) on April 5, 2021. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) acquired the 174-unit class B property on February 28, 2019.

The Property is located within the northern Paradise Valley submarket, one of Phoenix’s premier upscale residential areas, known for its world-class resorts, high-end dining, commercial amenities and attractions, and surrounding natural beauty. The Property has direct access to the SR-51 Freeway via Cactus Road, approximately one mile west of the community. The SR-51 Freeway is a major transportation corridor in Phoenix, connecting the Paradise Valley neighborhood (and the Property) to growing employment nodes located to the north and south.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and targets direct and joint venture investments in opportunistic and value add multi-family, office, and other property types primarily located on the East and West Coasts of the U.S., Texas, and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Jon Trucano, Senior Vice President, at (561) 275-7702.