Welcome to Mesa: MC Companies Expands Portfolio with $34 Million-Dollar Deal

SCOTTSDALE, Ariz., July 8, 2016 /PRNewswire/ -- MC Companies is no stranger to real estate and multi-family housing in the Southwest. Now, they are pleased to announce the purchase of The Place at El Prado (formerly: Whispering Meadows Apartments) in Mesa, Arizona. This real estate transaction is valued over $34 million dollars and is adding to the already impressive MC Companies Portfolio.

The Place at El Prado is centrally located in Mesa with beautiful, sprawling grounds, upgraded units and modern amenities. This 430-unit property is ideally located in the re-emerging Fiesta District of Mesa. Two miles south of the event-oriented and pedestrian-friendly area known as the Downtown Mesa District, this area is exploding with major development.

"We're very excited to have The Place at El Prado join our portfolio," says Director of Acquisitions, Charles Koznick. "Acquiring this property aligns with MC Companies' strategy to acquire multi-family assets that we believe have unrealized value potential."

While significant capital has already been invested in common area improvements, MC is poised for the implementation of apartment interior renovations. MC Companies will continue repositioning the apartment interiors with a comprehensive renovation program that includes upgrading the appliances, refinishing the cabinet boxes and installing new cabinet doors, and much more.

Residents at this apartment community can choose from a variety of floor plans, including one bedroom, two bedroom, and three-bedroom floor plans. The grounds are well maintained, and are spotted with barbecue areas, two swimming pools, and a new dog park.

Aside from the property itself, the proximity of The Place at El Prado to Mesa Community College, local art galleries, restaurants, businesses and entertainment centers, ties into the MCLife brand. MCLife is about all things local. The MCLife 5-5-5 was created with the belief that residents, and prospective residents, want to know about the neighborhood they are moving to. On all of the MCLife regional websites, there are the 5 Best Places to Eat, the 5 Best Places to Shop and the 5 Best Places to Play around each community. Just hover over the pins on each regional website for an overview and click the pins for more detail.

Mesa is a melting pot of creative folks from all walks of life, cultures and ages. MC Companies is excited to bring The Place at El Prado into the community as Mesa emerges as the "place to be" in the Valley for smart, creative people. You can learn more online and see more about the property and the MCLife brand.

About MC Companies: MC Companies http://www.mccompanies.com is a real estate investment, development, construction, and management company specializing in the multifamily properties and commercial markets. MC Companies has completed over $500 million in multi-family and commercial value-added transactions since 1985.

PRLog ID: www.prlog.org/12571537

SOURCE MC Companies

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http://www.mccompanies.com