'THE MOJAVE'
27-Unit Apartment Building

GCM purchased 2020 W. Orangewood which was an under performing asset in an up & coming neighborhood of North Central Phoenix. Through upgrades to both the interior and exterior of the property, GCM increased The Mojave's net operating income by 2.1x. The rents were increased on average by $300/unit.

GCM sold this project fourteen months after acquisition, capturing a 55% return for the Limited Partners.

Deal Highlights:
14 month hold
55% ROI for LPs
Successful 1031 exchange