PROJECT DETAIL ​

Deer Valley Professional Center

historical investments

20414 N 27th Avenue,
Phoenix, AZ

Size:

86,000 SF

ACQ:

 June 2010

REDEMPTION: 

 June 2012

Description

Deer Valley Professional Center is an 86,000-square-foot office property wherein the senior debt position was acquired directly from the bank at a 52% discount. The property was then foreclosed on, asset management was taken in-house, and the occupancy was increased to 90%. After completion of the business plan, Fenway was redeemed by its equity partner per a previously negotiated arrangement.