Vaseo; Phoenix, AZ

Vaseo consists of a 1,222-unit, 85-building multifamily property located in the Deer Valley submarket of Phoenix, Arizona. Built from 1984 to 1987, the Property features a unit mix consisting of 60% market-rate units and 40% affordable units. We believe that the Phoenix economy is expected to continue to benefit from the bourgeoning biotech sector, including the completion of the 25-acre Mayo Clinic Innovation Center.