Property Type: Multifamily

In November 2018, First Capital Advisors became a minority investor for 83rd & Olive, a luxury apartment development in Peoria, AZ. The project is being spearheaded by Evergreen Devco, Inc.

Due to its desirable location near the Loop 101 freeway, it is in a highly marketable area with convenient access to a plethora of employers. It is expected that demand for housing will increase as a result of employment growth, which is currently taking place in the area. The new, 275 unit complex will include a clubhouse, fitness center, resort-style swimming pool, dog park, and other outdoor spaces.