On August 31, 2022, Sares Regis Multifamily Fund IV (“SRMF VA-IV”) acquired Dobson 2222, a 258-unit apartment community in Chandler, Arizona. The property is located in the desirable South Chandler submarket, and it provides convenient access to major employment hubs and entertainment venues in the area.
Built-in 2007, Dobson 2222 offers a selection of one-, two-, and three-bedroomfloorplans. Resident amenities include two resort-style swimming pools and spas, a resident clubhouse, a children’s playground, a fitness center, a dogpark, garage and carport parking, gated access, parcel storage, and picnic areas with barbecue grills.
Dobson 2222 presents an excellent investment opportunity to execute a value-add renovation program. SRMF VA-IV plans to enhance all unit interiors and common areas to offer residents a contemporary lifestyle at an attractive price point.