RealtyMogul: The Lennox at Tempe

The real estate investment platform RealtyMogul has opened the pledging window for an equity investment opportunity in Tempe, Arizona.

RealtyMogul partnered with the sponsor of the equity offering, RSN Property Group, which will be renovating a two-story garden-style 88-unit apartment community in an affluent Tempe neighborhood. The sponsor will be implementing a value-add strategy, including interior and exterior renovations to the residential units and common areas. With the planned renovations and professional management of the project, the sponsor expects to be able to increase in-place rents and overall property value.

The property will undergo an immediate rebranding and marketing campaign, including changing the name from The Gallery to The Lennox. ...

Full story available on Benzinga.com

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