Broadstone Midtown

Located in Midtown Phoenix approximately 2 miles from the Downtown Phoenix Central Business District and proximate to emerging popular restaurant scene

Local and regional access along Central Avenue via proximity to Valley Metro Lightrail, AZ-51 and Interstate 10

Midtown submarket home to more than 27,000 jobs and one of Phoenix’s most dense employment and commercial corridors with more than 3.8 MM SF of office space within 1 mile of site

CITY: PHOENIX, AZ

UNITS: 200

AVERAGE UNIT SIZE: 832SF

CONSTRUCTION START DATE: 12/19/2016

SALE DATE: 03/20/2020

EQUITY MULTIPLE: 2.0X

IRR: 30.5%