Olympus Property Acquires Elevation in Chandler, Arizona

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Sep 03, 2015, 05:25 ET

FORT WORTH, Texas and SAN FRANCISCO, Sept. 3, 2015 /PRNewswire/ -- Olympus Property is proud to announce the acquisition of Elevation, a beautiful Class "A" garden-style apartment community comprised of 163 units and located in the heart of Chandler, Arizona, named by Businessweek.com as one of America's 50 best cities to live.

Olympus Property has acquired Elevation in Chandler, Arizona

Elevation is located in the award-winning Chandler ISD, a highly rated school district in Arizona. The property is situated in the highly sought after Chandler submarket of Phoenix with direct access to Loop 101 Freeway and the Southeast Valley's premier shopping mall, the Chandler Fashion Center. The property benefits from its proximity to major employers such as Intel, GM, eBay/PayPal, Bank of American, and Verizon.

Anthony Wonderly, co-founder of Olympus stated, "We have a strong team with years of experience in the Phoenix market and are proud to be adding Elevation to our Southwest portfolio."

Built in 2014, the property is situated on 6+ acres and offers residents resort-style amenities, including a swimming pool with spa, a best-in-class fitness center, an outdoor kitchen, an outdoor fireplace with TVs, poolside cabanas, covered parking, and detached garages. The apartments are well-appointed with granite countertops, stainless steel GE appliances, designer euro-style cabinetry, brushed nickel hardware, nine-foot ceilings, wood-style flooring throughout the living areas, under mount sinks, full size washers/dryers, garden tubs, and patios/balconies.

Co-Founder Chandler Wonderly, Anthony's brother, joked, "Not only am I pleased to add such a beautiful property to our Phoenix portfolio, the name of the town has a nice ring to it."

Elevation is the first property added to Olympus Property's fifth fund, WW Olympus Property V, LLC. The investment structure provides investors an opportunity to diversify among numerous multi-family assets in strong markets throughout the United States. The opportunity is available immediately for new investors and offers an attractive return with an experienced owner/operator.

To learn more about becoming involved and diversifying your portfolio with Olympus Property, please contact Braden Barr at 415-689-5855 or at [email protected].

About: Olympus Property
Olympus Property, founded in 1992, is a fully integrated real estate investment firm, which is focused on the acquisition, management, and timely disposition of high quality multi-family communities. Over its 23-year history, the company has become a successful and recognized name in the multi-family industry. Olympus currently owns and manages 11,000 units across 8 states including Texas, Florida, Oklahoma, Arizona, Tennessee, Georgia, New Mexico, and California.

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SOURCE Olympus Property