Azola Desert Ridge
Azola Desert Ridge is a 416-unit, Class A multifamily development in one of Phoenix’s most affluent neighborhoods. In partnership with ZOM Living, a nationally recognized luxury developer, this project capitalizes on limited supply and strong demand for high-end rental housing. With a prime location and best-in-class design, Azola Desert Ridge offers a rare opportunity to invest in a supply-constrained market alongside a proven development partner.
Strategically positioned within walking distance of 1.7M+ SF of retail, Azola benefits from a superior land basis, premium amenities, and a competitive rent advantage over nearby luxury properties. With over $1B in newly announced employment investments in the area, Azola is set to thrive in a rapidly expanding economic hub.
| Target Net IRR1 | 17%-21% |
| Target Net Multiple1 | 1.65x-1.85x |
| Estimated Hold Period2 | 40 months |
- The target net IRR and target net multiple assume a redemption of investor interest after the 40-month hold period. The investment’s target returns are presented as a benchmark for evaluating future performance, to assist in assessing the investment’s anticipated risk and reward characteristics, and to facilitate comparisons with other investments. Any target data or forecasts contained herein are based on subjective estimates and assumptions about circumstances and events that may not yet, and may never, occur. Targeted returns are pre-tax but net of anticipated fees and expenses. There is no guarantee that the investment will achieve comparable results or meet its target returns.
- The 40-month hold period is the estimated period prior to a redemption of investor interest and is based on the reasonable expectation of the investment manager; there can be no assurance that the hold period will not be longer. Please see the Confidential Private Placement Memorandum of OIG Azola FS, LLC for details.