Property Description

The Goodyear Property Built in 2021, the Goodyear Property is a 262-unit SFR development offering a mix of one-and two-bedroom layouts. Consisting of 220 buildings, the open-floor concept homes offer single-family residences with a complete community package. Home amenities include full-size washers and dryers, private maintenancefree yards, and kitchens complete with quartz countertops, and stainless-steel appliances. Residents can enjoy the common areas such as resort-style heated pool, cabanas, and outdoor grilling areas. The Goodyear Property is located in the city of Goodyear, one of the more affluent areas in the “Southwest Valley” submarket of Phoenix, which comprises six cities, one of which is Goodyear.

The Phoenix Property The newly built, 147-unit SFR Phoenix Property offers a mix of one- and two-bedroom layouts. The 116 buildings span more than 119,000 square feet and provide an array of resident amenities. Homes have private yards with granite slabs and kitchens complete with granite countertops and stainless-steel appliances. Residents at the Phoenix Property can also enjoy several community features such as a heated swimming pool and jacuzzi and outdoor grilling areas. The Phoenix Property is located in the Laveen Village of Phoenix, surrounded by Salt River to the north and South Mountain Park and Preserve to the south.

The Williamsburg Property The Williamsburg Property replicates the look and feel of a resort by offering luxury-style residences with a 24-hour clubhouse and club lounge. Constructed in 2020 and spanning more than 300,000 square feet, the Williamsburg Property features eight buildings and provides 289 one-, two- and three-bedroom units. Residents have access to outdoor lounge areas under ivy-covered pergolas, an outdoor kitchen with a TV, and a pool with swim-up bar. The units feature open-concept layouts with gourmet kitchens and granite countertops, stainless-steel appliances, and walk-in closets. The Williamsburg Property has easy access to Interstate 64 and is close to the College of William & Mary, Busch Gardens amusement park, and Colonial Williamsburg, a reconstructed historic area of Williamsburg.

Property Type

Multifamily

Structure

Delaware Statutory Trust

Inland Diversified
Residential Portfolio III

AZ, VA

Remaining Availability

46% Remaining

Total Funds
$326,027,056
Remaining Availability
$96,000,000
Minimum Investment
$100K
Funded To Date
$113,327,056
Est. Hold Period
10 Years
Leverage
35.79%
Equity Raise
$209,327,056
Price/SF or Price/Unit
$467,087/Unit

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Location Details

 
 
 

Population

Multi States, See PPM

Population Growth

Multi States, See PPM

About The Area

The Goodyear Property Soleil at Canyon Trails 195 North 173rd Avenue Goodyear, Arizona 85338

The Phoenix Property Sienna at South Mountain 8449 South 59th Avenue Laveen, Arizona 85339

The Goodyear Property and the Phoenix Property are located in the Phoenix-Mesa-Scottsdale Core Based Statistical Area (Phoenix CBSA) which covers south central Arizona and includes Maricopa and Pinal counties. Phoenix is the largest city in the state, with close to 4.8 million residents, and also serves as the state’s capital. Commonly referred to as the “Valley of the Sun”, Phoenix offers a warm climate throughout the year making it a desirable location for residents and winter visitors alike. Over the last three decades, the Phoenix CBSA’s low business costs, housing affordability and proximity to major southern California markets such as Los Angeles and San Diego have positioned the region as an appealing and business-friendly environment. While the Phoenix CBSA is well-known as a retirement haven, the region has become popular with young families and mobile professionals. With rapid growth, Phoenix is the fifth-largest city in the U.S. and is forecasted to grow at 1.6 percent annually through 2025. The employment base of Phoenix CBSA is diverse, with finance and professional and services sectors having more employees than the nation overall. The current unemployment rate for the Phoenix CBSA is 2.4 percent, compared to the nation’s unemployment rate of 3.6 percent.

 

The Williamsburg Property The Bend Arbordale 401 Bulifants Boulevard Williamsburg, Virginia 23188

The Williamsburg Property is located in the Hampton Roads MSA and is part of the northern portion of the Williamsburg submarket of Hampton Roads, within York County. Route 199 is located just east of the Williamsburg Property and is a primary highway in Williamsburg. A retail development located just west of the Williamsburg Property includes grocery-anchored shopping centers, freestanding and strip retail, restaurants, convenience stores, and the Williamsburg Premium Outlets. The current population of the Hampton Roads MSA is approximately 1.8 million, which has increased by 86,570 since 2010, reflecting an annual increase of 0.4 percent. The population is projected to increase by an additional 38,994 by 2026, reflecting an additional 0.4 percent annual population growth.21 The top three industries within the Hampton Roads MSA are healthcare/social assistance, retail trade, and educational services. The area is forecasted to experience an increase in population and an increase in household income. The current unemployment rate for Hampton Roads MSA is 3.1 percent, compared to 3.6 percent for the U.S. average.

 

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