Press Release, June 26, 2019

CALCAP Advisors Closes Sale of The Colony Apartments – Phoenix, AZ

Press Release, June 26, 2019

For Immediate Release:

CALCAP Advisors Closes Sale of The Colony Apartments –
Phoenix, AZ 

CALCAP Advisors, a Pasadena based real estate investment company, is pleased to announce the sale The Colony, a 236-unit multi-family property located at 4337 North 53rd Lane Phoenix, AZ 85031. CALCAP acquired the property for $8,600,000 ($36,441/unit & $40.47/PSF), in October 2013.

The property sold on June of 2019 for $25,100,000 ($106,356 per unit) to the Canadian investor Western Wealth Capital.

For more information please contact Susan Rangel at 626.208.8236 or email investorrelations@calcapadvisors.com.

 

About CALCAP Advisors

California Capital Real Estate Advisors, Inc., and its affiliate entities (CALCAP Asset Management I, CALCAP Properties, CALCAP Lending, and CALCAP Senior Healthcare I, collectively known as “CALCAP”), is a California based investment company founded and 2008 and headquartered in Pasadena, California. The Company sponsors alternative real estate investment opportunities focused on demographically driven housing. CALCAP has been able to consistently provide both individual and institutional investors with outstanding returns over the last 10 years. The Company’s core strategies look to actively create alpha for investors while managing risk. CALCAP currently has over $250mm in Assets Under Management. To learn more visit www.calcapadvisors.com.

Social Mission

CALCAP has created the CALCAP CARES program to encourage employees to find a way to give back to the neighborhoods where we invest. CALCAP has created “GiveTime4Autism” as its initial program which will allow employees the ability to donate unused vacation and sick days for a very worthy cause.

For more information, contact Susan Rangel at 626-208-8237 or e mail investorrelations@calcapadvisors.com.

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