Onnix / The Haven Apartments

Address

1500 E. Broadway Road, Tempe, AZ 85282

Size

659 Apartments

Acquisition Type

Real Estate

Status

In Portfolio

Description

Built in 1984 and renovated in 2007, Haven Apartments is a 659 unit market rate apartment complex that was acquired as REO from Haven Holder LLC, a collateralized debt obligation managed by Petra Capital. The prior owner refurbished over half of the apartment project with plans to sell the units as individual condominiums.

Interwest renovated the remaining units and continues to operate the property as apartments. Haven is located in close proximity to Arizona State, the nation’s largest public university, with approximately 55,000 students and nearly 12,000 faculty and staff.

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