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Capital Allocation Partners is Pleased to Announce the Acquisition of Gateway Towers

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CAP adds to Portfolio with the acquisition of a value-add apartment complex close to downtown Phoenix, AZ

PHOENIX - Rezul -- Capital Allocation Partners is pleased to announce the acquisition of Gateway Towers at 1401 N 3rd St, a value-add multi-family apartment complex in Downtown Phoenix. The acquisition is in close proximity to Phoenix's Roosevelt Row and professional sports stadiums. The Company was excited to be presented with this opportunity and the asset was put under contract quickly. The apartment complex is prime for repositioning and will receive immediate attention to better improve the community for its loyal tenants. Capital Allocation Partners is excited to have completed this transaction as it continues to become a more regional player in the southwest United States with regards to placing capital.

Situated near the Central Ave and McDowell, Gateway Towers boasts large apartment units that will undergo significant capital improvements on both the interior and exterior. The Project will undertake several enhancements that make the overall apartment community more inviting to its tenants while maintaining the complex's unique "character". Capital Allocation Partners has been wanting to expand its portfolio to downtown Phoenix and Gateway Towers presents the perfect opportunity.

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Managing Director, Nathan Reid shared his thoughts: "Gateway Towers is a unique asset with loft style 2BR units near the thriving downtown corridor and Roosevelt Row. We look forward to creating some great modern living spaces here".

The Project marks another acquisition for Capital Allocation Partner's Fourth Fund, Arizona Opportunities Fund IV. The Company's due diligence and connection network will ensure the project receives immediate attention with regards to renovations. Capital Allocation Partners benefits from numerous competitive advantages and has an appetite and available capital in Arizona Opportunities Fund IV raised for additional projects.

About Capital Allocation Partners

Capital Allocation Partners ("CAP") was started in 2011 by Nathan Reid with the intent to invest in value-add multi-family real estate, medical office buildings and operating businesses. Since its inception, the Company has invested in 18 projects out of three real estate funds and is currently investing out of its fourth real estate fund, Arizona Opportunities Fund IV. The Company focuses on purchasing value-add opportunities and re-positioning the asset to create shareholder value. The Company abides by a strict investment thesis to source and purchase each deal at a discounted rate to market and implements its investment plan to generate high returns for its shareholders. Capital Allocation Partners is focused on always putting its shareholder first and generating the highest return to its shareholder. The Company is currently raising a fifth fund, Arizona Opportunities Fund V – for more information on this fund please reach out to Nathan Reid at nathan@capitalallocationpartners.com

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If you would like more information about this topic, please visit https://www.capitalallocationpartners.com

Contact
Nathan Reid
***@cox.net


Source: Capital Allocation Partners
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Filed Under: Real Estate

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