7931 Encanto Boulevard - Encanto Estates

Encanto Estates, a 299-unit multi-family community located in Phoenix, AZ. Encanto Estates is directly across from the Talking Stick Resort Amphitheatre, the newly proposed I-10 light rail extension, and numerous new industrial and multi-family developments that will provide new job and growth opportunities to an emerging submarket in the Phoenix area. The site is also located within an Opportunity Zone, which will allow the sponsor to take advantage of favorable tax incentives and capitalize on the city’s investment into this high growth market. Continued coastal migration, robust employment growth, relative affordability, and good quality of life have strengthened the Phoenix multi-family sector in the past year.