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Need for Affordable Housing Grows Rapidly in Phoenix

The rise in commercial real estate investment in Phoenix has created a growing need for affordable housing in the Downtown market.

The rise in commercial real estate investment in Phoenix has created a growing need for affordable housing in the Downtown Phoenix area. A joint venture between Pacific Oak Capital Advisors and Defer Gain is building three multifamily projects in the Downtown Phoenix’s Presidential District. All three projects are in opportunity zones.

The three developments include the 241-unit St. Ambrose Apartments and the 84-unit Presidential Apartments both situated between 11th and 12th Streets and Van Buren and Jefferson Streets in Phoenix, as well as the 140-unit Imperial Apartments located near 20th Street & Roosevelt in Phoenix.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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