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Kent Merselis

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Our local market knowledge and experienced real estate team combined with our strong financial relationships allowed us to move quickly to secure this opportunity. Phoenix remains a highly competitive commercial real estate market and the ability to underwrite and close quickly is key to capturing assets like these, that are an ideal fit for our portfolio.

Lowe Enterprises is well-established in the greater Phoenix market and will continue to advance our program of investments and developments.

The market is strong and it was an opportunity that we wanted to take advantage of.

It's a core asset in a strong location.

It will be designed to appeal to every level of income from starter to move-up to second move-up to active adult.

We're looking for quality properties that are experiencing below-market occupancy levels or properties that, for whatever their reason, are in need of capital expenditure. We can then put a marketing focus team in there to lease them up.

Though this wasn't our initial transaction with GE, it was significant. It cemented the relationship and encouraged both sides to increase our portfolio.

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