The Sonoran Townhomes

TBBG Investments acquired The Sonoran Townhomes, a 36-unit townhome community located in Mesa, Arizona.

The acquisition was sourced through a distressed situation, allowing TBBG to acquire the asset at an attractive basis relative to replacement cost.

The property benefits from strong connectivity to the broader Mesa employment corridor and nearby neighborhood retail amenities.

The business plan focuses on stabilizing operations and enhancing the resident experience through targeted operational improvements and leasing execution.

The asset is well-positioned to benefit from continued rental demand for townhome product offering larger floorplans, private garages, and low-density living.

Highlights

• Acquired through distressed opportunity

• Basis below replacement cost

• Strong demand for townhome product

• Proximity to Mesa employment and retail corridors