Occupying prime real estate within a desirable residential enclave at the northwest boundary of Mesa’s Fiesta District, The Flats (the “Property”) has been a long-standing fixture within the area deriving a direct advantage from the established and anticipated economic commitments aimed at reinventing the city’s U.S. 60 (Superstition Freeway) anchored corridor. Constructed in 1975, the 112-unit multifamily asset experiences synergistic benefit from the district’s steadfast industry pillars that cement its locational demand, while the Property’s distinct boutique size and value-add opportunity offer new ownership community-wide improvements, underpinned by ±39% non-washer/dryer classic unit interiors, to attract the region’s growing resident base. Situated immediately north of Southern Avenue, just west of Dobson Road, the Property leverages its access to the Fiesta District offering more than ±$500 million in surrounding capital commitments anchored by Mesa Community College (±1,700 employees) and the U.S. News & World Report-recognized Banner Desert Medical Center (±3,600 employees). The medical center, positioned immediately south of the Property and offering effortless walkability, is the centerpiece of the district featuring a recession-proof job base that was recently bolstered by the completion of a ±$151 million expansion to meet the region’s growing healthcare needs. Moreover, The Flats is defined by its irreplaceable connectivity at the four corners of the Southeast Valley’s unmatched economic framework, inclusive of Mesa, Tempe, Chandler, and Gilbert, providing reach to ±1,035,500 employees within a ±30-minute drive time. As a function of its freeway accessibility, the Property drafts off its proximity to high-profile advanced business services, healthcare, finance, education, and high-tech manufacturing sectors populated by industry leading companies such as Banner Health, Arizona State University, State Farm, Amazon, Boeing, Intel, Wells Fargo, and Apple.