BH Properties Increases Its Phoenix Footprint

Andrew Van Tuyle

BH Properties is bullish on the Phoenix market across commercial asset classes, and it is focused on increasing its portfolio. In the last two months, the investor has acquired three properties totaling $55.3 million, bringing its Phoenix portfolio to a total of 21 properties of 1.25 million square feet of commercial space and more than 1,500 apartment units.

“Phoenix is a strategic location for us long term,” Andrew Van Tuyle, senior managing director of investments for BH Properties,” tells GlobeSt.com. “We’re committed to that market and are actively looking to expand our portfolio. We’d like to close $100 million or more in Phoenix in the next year, so to the extent we can find opportunities we will be buying.”