In 2012, apartment investment companies will focus on Phoenix

In 2012, apartment investment companies will focus on Phoenix. A real estate investment company that is very experienced in Phoenix apartment investment said they plan to spend $100 million...

In 2012, apartment investment companies will focus on Phoenix. A real estate investment company that is very experienced in Phoenix apartment investment said they plan to spend $100 million in capital in the western state. The focus in 2012 is on Phoenix. BH, a Los Angeles-based real estate company, spent $40 million this year acquiring six commercial properties and two property options in Phoenix and Tucson. A 152-unit condo at Sunpointe was purchased, a 79,380-square-foot retail center at Thunderbird Market was purchased, a 420-unit condo at Biltmore was purchased, and a 410-unit condo at Casa Bella was purchased. In 2011, many companies have invested heavily in purchasing apartments in Phoenix, and they have also attracted the attention of international real estate companies. Phoenix's employment rate continues to increase, allowing investors to see opportunities. For more real estate questions, please contact Tinna from Gold Trust Realty Company. Tel: 480-287-0180, E-mail: goldtrustrealty2010@gmail.com