Canadian-based Western Wealth Capital continues to add to its Arizona rental portfolio; it is the third largest multifamily owner in the Phoenix area. The real estate investment company and its partners recently acquired Tierra Santa, a 274-unit rental building, for US$13.4 million.
WWC considers Phoenix a highly prospective rental market owing to robust population and employment growth. “The material growth of our company’s asset base is attributable to the execution of a precise business model applied to a market that presents extensive opportunity,” says Janet LePage, chief executive officer of WWC.
