Goodegg Investments Announces Off-Market Acquisition of 71-Unit Multifamily Asset in Phoenix, Arizona

SAN FRANCISCO, Feb. 10, 2025 /PRNewswire/ -- Goodegg Investments, an award-winning women-founded and women-led commercial real estate investment firm in San Francisco, California, is pleased to announce the acquisition of North Edge Apartments - a 71-unit class B apartment community in Phoenix, Arizona.

"North Edge is a phenomenal mid-sized asset in the hidden gem Youngtown submarket within the Phoenix MSA. We are incredibly fortunate to have acquired this asset completely off-market at a time when the market in Phoenix is set to rebound in a big way in the coming months and years," said Julie Lam and Annie Dickerson, Founders and Managing Partners of Goodegg Investments.

North Edge Apartments is the 38th multifamily acquisition that Goodegg Investments has undertaken since its inception in 2018, putting the firm's total acquired multifamily unit count at over 9,000 units, with nearly 4,500 currently under management.

North Edge has undergone significant value-add renovations within the last 2 years, with most of its units, as well as common areas, freshly renovated and upgraded. Now stabilized, the asset has seen its strongest months of performance over the last few months, and the trend is expected to continue.

North Edge is a 71-unit Class B Core asset chosen specifically to meet investors' goals for strong cash flow in a growing market. The asset has been acquired with fixed-rate debt and has been cash-flowing from day one.

Goodegg's strategic approach to selecting properties like North Edge ensures that investors are well-diversified, not just geographically, but also in terms of market segment, thus maximizing stability and minimizing risk.

In addition to multifamily, Goodegg is also helping its investors to further diversify their holdings through investments in cash-flowing select-service hotels geared toward business travelers. Because select-service hotels offer more limited amenities as compared to full-service hotels, they provide a strong risk-mitigated investment for investors looking to diversify.

For investors of all levels looking to diversify their portfolio through strong commercial real estate assets in key growth markets, Goodegg Investments invites them to visit the Open Investment Opportunities section of its website or to reach out with any questions via email or phone.

About Goodegg Investments

Goodegg Investments is a renowned women-founded and women-led boutique real estate investment firm in San Francisco, California, that is committed to helping both early-stage and experienced investors to scale and diversify their real estate portfolios by providing a variety of real estate syndication opportunities that offer all the benefits of investing in real estate without any of the hassles of being a landlord.

From busy physicians to entrepreneurs, teachers, engineers, stay-at-home parents, and everyone in between - Goodegg Investments founders Julie Lam and Annie Dickerson use their industry expertise to help create opportunities to build wealth through real estate for as many people as possible.

More Information

To learn more about Goodegg Investments and its acquisition of North Edge Apartments, please visit the website at https://goodegginvestments.com/.

Contact Person:
Annie Dickerson
+1 888-830-1450
[emailprotected]

SOURCE Goodegg Investments