q1 2015 greater phoenix pipeline report

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Multifamily PIPELINE REPORT Greater Phoenix Multifamily Construction Q1/2015

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Page 1: Q1 2015 Greater Phoenix Pipeline Report

Multifam

ilyPIPELINE REPORTGreater Phoenix Multifamily Construction

Q1/2015

Page 2: Q1 2015 Greater Phoenix Pipeline Report

THEPIPELINE

Multifamily Construction FALL 2014

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2014. All rights reserved.

COLLIERS INTERNATIONAL2390 East Camelback Road | Suite 100 Phoenix, AZ 85016 Main +1 602 222 5000 Fax +1 602 222 5001www.collierscooketeam.com

Cindy Cooke Executive Vice President Direct +1 602 222 5039 [email protected]

Brad CookeVice PresidentDirect +1 602 222 5088 [email protected]

John Barnes Vice PresidentDirect +1 602 222 5042 [email protected]

Gerda Kauks Marketing AssociateDirect +1 602 222 5117 [email protected]

Charles Wolcott Investment Analysis Direct +1 602 222 5194 [email protected]

GREATER PHOENIXCOOKE MULTIFAMILY INVESTMENTS

MULTIFAMILY VACANCY CONTINUES TO IMPROVEMultifamily Vacancy Continues to Improve

0%2%4%6%8%

10%12%14%16%

Vaca

ncy

Rat

e

Phoenix Multifamily Vacancy

* Estimate

Vacancy Peak at 13.4 percent, 4Q 2009

Current Rate is 7.0 percent

PHOENIX POPULATION OVERVIEWPhoenix Population Overview

3.0 3.2 3.4 3.6 3.8 4.0 4.2 4.4 4.6

Tota

l Pop

ulat

ion

(mill

ions

)

Population

HOUSING PERMITTING ACTIVITYHousing Permitting Activity

0

3,000

6,000

9,000

12,000

Perm

its Is

sued

Multi-family

Average 2000-2013: 5,668 Units

Average 2000-2008: 7,570 Units

PHOENIX EMPLOYMENT OVERVIEWPhoenix Employment Overview

-1.1

16.3

74.7 73.985.8 83.1 75.1 66.3 61.1 56.3

-23.7

25.337

90.5104.3

66.6

14.1

-110.9-121

12.333.5

48.9 45

-150

-100

-50

0

50

100

150

Jobs

Add

ed/L

ost (

thou

sand

s)

Employment

Data in black: total annual additions/subtractions

Colliers’ Western Region Multifamily Services GroupCINDY COOKE | Executive Vice President, Multifamily InvestmentsServing as team leader, Cindy is involved in every aspect of the transaction from evaluation to closing and understands the importance of every step. Through a hands-on, personal approach she provides unmatched service to her clients. Cindy leverages her expansive knowledge and deep-rooted relationships for the benefit of the team’s institutional and large private capital clients. The ability to maximize value, minimize risk and accelerate velocity for the client is the driving force behind all her decisions.

BRAD COOKE | Vice President, Multifamily InvestmentsBrad’s primary role is client relationships, ensuring clients’ needs are fully met and that they are aware of the current market conditions and opportunities. His dedication to the team’s clients and hands-on personal approach has helped create long-lasting business relationships with top national and international companies. Brad is responsible for client communication, property tours, coordination of due diligence process and assisting with the underwriting as well as market and economical analysis.

CARRIE BURTON | Marketing Associate, Multifamily InvestmentsCarrie is responsible for all business development and marketing needs for the team. This includes coordinating the creation and distribution of all marketing materials, sending weekly marketing updates to the client, managing the client database and assisting with due diligence. She holds an active real estate sales license allowing her to show properties and discuss marketing/financial information with clients.

Jennifer Matthews | Investment Analyst, Multifamily InvestmentsJennifer assists the team in underwriting analysis. In her role, she reviews all financial and operating data for each transaction and develops a comprehensive financial model based on this data to be used within the market materials.

ALEX SAMPSON | Research Associate, Multifamily InvestmentsAlex’s responsibilities include research, maintaining data, marketing and financial information, due diligence as well as closely tracking the current market trends. For each transaction, Alex also tracks the escrow and due diligence process to ensure that information is provided in a timely manner to both buyer and seller to achieve a successful closing. Alex holds an active Arizona real estate sales license allowing him to assist with property tours, client communication and aid with marketing properties.

CAROL DIPAOLA | Administrative Assistant, Multifamily InvestmentsCarol is responsible for coordinating property tours, maintaining up-to-date tour logs that are sent out weekly to the client, and recording all offers being presented as they come in. She is also a strong liason between the team and clients, providing open communication that is needed to keep the daily business running smoothly.

Cooke Multifamily Investments acts as single point of contact, strengthened by a global platform, providing the following benefits:

MORE THAN 50 YEARS COMBINED EXPERIENCE IN MULTIFAMILY INVESTMENTS

97 PERCENT CLOSING RATIO ON ALL LISTINGS

90 PERCENT OF OUR BUSINESS COMES FROM REPEAT CLIENTS AND REFERRALS

EXTENSIVE EXPERIENCE IN LARGE TRANSACTIONS – VALUED AT MORE THAN $2 BILLION

50YEARS

97%

90%

$2.0BILLION

CINDY COOKE | Senior Executive Vice PresidentServing as team leader, Cindy is involved in every aspect of the transaction from evaluation to closing and understands the importance of every step. Through a hands-on, personal approach she provides unmatched service to her clients. Cindy leverages her expansive knowledge and deep-rooted relationships for the benefit of the team’s institutional and large private capital clients. The ability to maximize value, minimize risk and accelerate velocity for the client is the driving force behind all her decisions.

BRAD COOKE | Vice PresidentBrad’s primary role is client relationships, ensuring clients’ needs are fully met and that they are aware of the current market conditions and opportunities. His dedication to the team’s clients and hands-on personal approach has helped create long-lasting business relationships with top national and international companies. Brad is responsible for client communication, property tours, overseeing the due diligence process and assisting with the underwriting as well as market and economical analysis.

JOHN BARNES | Vice President John reviews all Purchase Contacts, Legal Documentation, Listing Agreements, and 3rd Party Due Diligence Reports such as Property Condition Reports and Title & Surveys. In addition John assists in the rent and sale comps market analysis before the team brings new listings to the market. John’s 30+ years in the real estate market make him a valuable resource in all areas of the transaction process.

CHARLES WOLCOTT | Investment AnalystCharles assists the team in underwriting analysis. In his role, he reviews all financial and operating data for each transaction and develops a comprehensive financial model based on this data to be used within the marketing materials. Throughout the transaction process he is responsible for collecting, analyzing, and sending updated financial statements to future buyers.

GERDA KAUKS | Marketing AssociateGerda is responsible for all business development and marketing needs for the team. This includes coordinating the creation and distribution of all marketing materials, sending weekly marketing updates to the client, managing the client database and assisting with due diligence.

CAROL DIPAOLA | Administrative AssistantCarol is responsible for coordinating property tours, maintaining up-to-date tour logs that are sent out weekly to the client, and recording all offers being presented as they come in. She is also a strong liaison between the team and clients, providing open communication that is needed to keep the daily business running smoothly.

Colliers Cooke TeamMultifamily Investments

collierscooketeam.com

Page 3: Q1 2015 Greater Phoenix Pipeline Report

1

Housing Permitting Activity

0

3,000

6,000

9,000

12,000

Perm

its Is

sued

Multifamily Permits

* Forecast

Average 2000-2008: 7,570 Units

Average 2000-2014: 5,812 Units

Phoenix Employment Overview

18.2

-1.1

16.4

74.6 73.9 85.7 83.1 75.2 66.2 61.2 58

-24

25.3 36.7

90.6 104.3

66.6

14.3

-110.5 -120.3

13 33.6

52.5 49.6 46.6

-150

-100

-50

0

50

100

150

Jobs

Add

ed/L

ost (

thou

sand

s)

Annual Employment Growth

Data in black: total annual additions/subtractions * Through November

Phoenix Population Overview

0%

1%

2%

3%

4%

5%

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0 Annual Population Grow

thTota

l Pop

ulat

ion

(mill

ions

)

Multifamily Vacancy Continues to Improve

0%2%4%6%8%

10%12%14%16%

Vaca

ncy

Rat

e

Phoenix Multifamily Vacancy

* Estimate

Vacancy Peak at 13.4 percent, 4Q 2009

Current Rate is 6.4 percent

HOUSING PERMITTING ACTIVITY

MULTIFAMILY VACANCY CONTINUES TO IMPROVEPHOENIX POPULATION OVERVIEW

PHOENIX EMPLOYMENT OVERVIEW

Page 4: Q1 2015 Greater Phoenix Pipeline Report

74

74

51

87

87

87

87

303 101

101

587

347

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive AvOlive Av Dunlap Av

Glendale AvGlendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School RdIndian School Rd Indian School Rd Indian SchoolRd

Lincoln DrIndian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

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Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

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99th

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107t

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111t

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Frank Lloyd Wrig ht Bl

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Yuma Rd

Broadway Rd

Estrella Pkwy

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Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

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Kyre

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McC

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Price

Rd

Dobs

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Alm

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Gilbe

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Gilbe

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Coop

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McQ

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Rd

Linds

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Val V

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Ironw

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Crim

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Rd

Reck

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Higle

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Hawe

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Sign

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McDowell Rd

McKellips Rd

Brown Rd Brown Rd

Pim

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Pim

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NewRiver Rd

7th

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Queen Creek Rd Queen Creek Rd

Mill

Av

Jack

rabb

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R.H. Johnson Bl

99thAv

Cave Cre

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NewRiver Rd

Elliot Rd

24th

St

24th

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Deer Valley Rd

Warner Rd

56th

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Morristown-New River Hwy

Lake

Plea

sant

Rd

Scot

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Rd

Carefree Hwy Carefree Hwy

Shea Bl

Main StApache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

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Rd

Arizo

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Riggs Rd

51st

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Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av

51st

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st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye RdBuckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

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User

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County Rd 85

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SALT RIVERPIMA-MARICOPA

INDIANRESERVATION

GILA RIVERINDIAN

RESERVATION

LUKEA.F.B.

SKY HARBORINTL. AIRPORT

LakePleasant BARTLETT

RESERVOIRWaddellDam

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Roosevelt

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New

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www.ColliersCookeTeam.comPHOENIX METRO AREALEASE UP

UNDER CONSTRUCTION

CONSTRUCTION PLANNED

LEGEND

Under Construction - 7,970 Units

Lease Up - 6,908 Units

Construction Planned - 11,433 Units

2

7 1

20924

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3

5

4

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Scot

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11

19

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22

18

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30

31

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Dunla

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Glen

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Cam

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Cam

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Chap

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Cave Creek Rd

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Cactu

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Peor

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Cotton Ln

El Mirage Rd

Dysart Rd

99th Av

107th Av111th Av

107th Av

83rd Av83rd Av

91st Av

67th Av67th Av

75th Av75th Av

59th Av59th Av

35th Av

43rd Av43rd Av

35th Av

19th Av19th Av

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Rainbow Valley Rd

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War

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Peco

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Germ

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Rd

Ray R

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Peco

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Rural Rd

Kyrene Rd

McClintock Dr

Price Rd

Dobson Rd

Alma School Rd

Gilbert Rd Gilbert RdGilbert Rd

Cooper Rd

McQueen Rd

Lindsay Rd

Greenfield Rd

Val Vista Dr Val Vista Dr

Higley Rd

Idaho Rd

Ironwood Rd Vineyard Rd

Meridian Rd

Crimson Rd

Sossaman Rd

Recker Rd

Higley Rd

HawesRd

SignalButte Rd

McD

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Pima RdPima Rd

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51st Av

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Bell

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Grand

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Page 5: Q1 2015 Greater Phoenix Pipeline Report

74

74

51

87

87

87

87

303 101

101

587

347

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive AvOlive Av Dunlap Av

Glendale AvGlendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School RdIndian School Rd Indian School Rd Indian SchoolRd

Lincoln DrIndian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

Cre

ek R

d

Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

Cotto

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El M

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Dysa

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99th

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107t

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111t

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107t

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83rd

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83rd

Av

91st

Av

67th

Av

67th

Av

75th

Av

75th

Av

59th

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35th

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43rd

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Cactus Rd

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Yuma Rd

Broadway Rd

Estrella Pkwy

RainbowValley

Rd

115t

h Av Broadway Rd Broadway Rd

Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

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Kyre

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McC

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Price

Rd

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Mer

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Crim

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McDowell Rd

McKellips Rd

Brown Rd Brown Rd

Pim

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NewRiver Rd

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Carefree Hwy Carefree Hwy

Shea Bl

Main StApache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

orth

Rd

Arizo

na A

v

Riggs Rd

51st

Av

Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av

51st

Av51

st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye RdBuckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

lub D

r

User

yPa

ssRd

County Rd 85

Mar

icopa

Rd

Beeline HwyShea Bl

Bush

Hwy

Powe

r Rd

Blac

kCa

nyon

Fwy

Superstition Frwy

Papago Fwy

Maricopa Fwy

Agua

Fria

Fwy

Squa

w Pe

ak P

kwy

Mar

icopa

Fwy

SALT RIVERPIMA-MARICOPA

INDIANRESERVATION

GILA RIVERINDIAN

RESERVATION

LUKEA.F.B.

SKY HARBORINTL. AIRPORT

LakePleasant BARTLETT

RESERVOIRWaddellDam

GraniteReefDam

VerdeRiver

Agua

Fria

Rive

r

Salt R iver

Gila River

Sa lt R.

Fannin-McF arland Aqueduct

Roosevelt

Cana

l

Southern C anal

Western Canal

Grand nal

ArizonaCanal

Hayden-Rhodes Aqueduct

New

Rive

r

www.ColliersCookeTeam.comPHOENIX METRO AREALEASE UP

UNDER CONSTRUCTION

CONSTRUCTION PLANNED

LEGEND

Under Construction - 7,970 Units

Lease Up - 6,908 Units

Construction Planned - 11,433 Units

2

7 1

20924

8

3

5

4

16

Scot

tsdale

Rd

Hayd

en R

d

10

11

19

15

22

18

21

13

6

12

17

38

27

7

13

11

12

9

10 10

17

9

11

4

8

20

2416

21 1419

22

153

1 8

2 3

16

23

51

13

12

4

25

181714

21

1815

219

6

7

5

20

6

26

27

23

28

29

30

31

32

33

34

35

36

37

39

40

2829

14

25

26

41

42

# Name Developer/Owner Address City # of Units

1 H20 Urban Alliance Residential 1675 E Morten Ave Phoenix 2252 Elevation Central Vendura Residential 4650 N Central Ave Phoenix 2663 Park 28 Evergreen Development 4114 N 28th St Phoenix 1524 Trillium 44 Trillium Residential 111 N Dupont Circle Phoenix 2975 11 & 12 Capital Place Epoch Properties NWC E Washington St & S 11th St Phoenix 2926 Camden Chandler Camden Property Trust 2777 S Arizona Ave Chandler 3987 Alta Paradise Ridge Wood Partners 18000 N 68th St Scottsdale 2788 Place One Redevelopment ESI Ventures 7045 N 7th St Phoenix 1719 Jefferson on Legacy TDI Real Estate 7340 E Legacy Blvd Scottsdale 32210 Cascade P.B. Bell 18575 N Scottsdale Rd Scottsdale 18611 Valley Club at Desert Ridge Greystone Group 21021 N 56th St Phoenix 34412 Crescent Scottsdale Quarter Crescent Communities 15345 N Scottsdale Rd Scottsdale 27513 Scottsdale Road & Princess Drive Mark-Taylor SWC N Scottsdale Rd & Princess Dr Scottsdale 38814 SALT Apartments OliverMcMillan 260 E Rio Salado Pkwy Tempe 26515 The Met at Fashion Center HCW 3657 W Chandler Blvd Chandler 30316 @ 51 Smithfield Properties 1615 East Georgia Ave Phoenix 18317 Hanover Mill Avenue Hanover Company 101 W 5th St Tempe 34118 Alta Tempe Wood Partners 1260 E University Dr Tempe 29619 Residences at Camelback JLB Partners 4900 N 44th St Phoenix 31220 Alta Steelyard Lofts Wood Partners 353 S Washington St Chandler 30121 San Sonoma Mark-Taylor 9010 S Priest Dr Scottsdale 59022 The Standard Trinsic Residential 6825 E Main St Scottsdale 13423 Escape Modern Living P.B. Bell NWC N 16th St & E Highland Ave Phoenix 24424 The Stetson Alliance Residential 7350 E. Stetson Dr Scottsdale 31625 SWC Country Club & Kiowa Mark-Taylor 2318 South Country Club Dr Mesa 37026 Santana Village MC Clark-Wayland NEC 77th Ave & Peoria Ave Peoria 22427 Avilla Palm Valley NEXmetro Development NWC Falcon Dr & Indian School Rd Goodyear 12528 The Cottages of Tempe* Capstone 708 S Lindon Ln Tempe 15929 Vertex* Blue Vista Capital Group 1050 S Terrace Rd Tempe 213

Total 7,970

# Name Developer/Owner Address City # of Units

1 The Residences at Cityscape Red Development 11 S Central Ave Phoenix 2252 Elevation Chandler Vendura Residential 2300 W Pecos Rd Chandler 1633 Camden Hayden Camden Property Trust 800 E Curry Rd Tempe 2344 SEVEN NextGen Apartments 19800 N 7th St Phoenix 2165 Liv Northgate IPA 455 S Recker Rd Gilbert 4026 Almeria at Ocotillo P.B. Bell 2470 W Edgewater Chandler 3897 San Privada Mark-Taylor 1480 E Pecos Rd Gilbert 2968 Avenue 25 TruAmerica 18250 N 25th Ave Phoenix 2549 Jefferson at One Scottsdale TDI 7355 E Thompson Peak Pkwy Scottsdale 38810 Camden Foothills Camden Property Trust 18245 N Pima Rd Scottsdale 22011 Elan at Desert Ridge Greystar 21155 N 56th St Phoenix 37012 Skywater at Town Lake Lennar Corporation 601 W Rio Salado Pkwy Tempe 32813 Residences at Fountainhead Goodman Real Estate 2520 S Plaza Dr Tempe 32214 Broadstone Waterfront Alliance Residential 7025 E Via Soleri Dr Scottsdale 25915 San Travesia Mark-Taylor 7501 E Mcdowell Rd Scottsdale 57216 Alta Scottsdale Wood Partners 4141 N Granite Reef Rd Scottsdale 21817 Liv North Scottsdale IPA 15509 N Scottsdale Rd Scottsdale 24018 Liv Ahwatukee IPA 16025 S 50th St Phoenix 40219 Avilla San Marcos I & II Alta Vista Communities 901 S Alma School Rd Chandler 26020 The Moderne JLB Partners 5000 N Portales Pl Scottsdale 36921 Optima Sonoran Village Optima Inc. 6835 E Camelback Rd Scottsdale 781

Total 6,908

# Name Developer/Owner Address City # of Units

1 4th & McKinley Goodman Real Estate SWC N 4th St & E McKinley St Phoenix 1182 Verde Dimora Kauffman Homes 2217 N Power Rd Mesa 1603 Via Bello at Silverstone Mark-Taylor 7215 E Silverstone Dr Scottsdale 2624 The Clayton Connell 3015 N Scottsdale Rd Scottsdale 2785 Las Aguas Chason Development 6640 E McDowell Rd Scottsdale 1546 202 Cooper Place NextGen Apartments NWC Cooper Rd & 202 Loop Chandler 3327 Phoenix Central Station Smith Partners LLC 300 N. Central Ave Phoenix 4758 Lake Country Village JLB Partners 1030 E Baseline Rd Tempe 3679 Hayden at Dorsey Station Lennar Corporation 1221 E Apache Blvd Tempe 39510 Broadstone Fashion Center Alliance Residential SWC W Frye Rd & S Price Rd Chandler 33511 Alta Filmore Wood Partners SEC N 7th Ave & W Filmore St Phoenix 22012 Senna LWI Advisory Group SEC Coronado & Ray Rd Gilbert 36613 McClintock & Chandler Lennar Corporation 203 N McClintock Dr Chandler 28314 Broadstone Central Alliance Residential 3450 N Central Ave Phoenix 19215 Tempe Lakeside Transwestern 551 N College Rd Tempe 29016 Agave Residential JLB Partners 3300 N Scottsdale Rd Scottsdale 41617 Jefferson Town Lake TDI N Scottsdale Rd & E Playa Del Norte Dr Tempe 25618 The District Lofts Trackside Lofts NEC N Oak St & W Cullumber Ave Gilbert 16419 Camelback East Village Trinsic Residential NWC 20th St & E Indian School Rd Phoenix 22020 University Dr & Ash Ave Alberta Development NWC W University Dr & S Ash Ave Tempe 18721 Ray Road Apartments Palm Communities NEC Ray Rd & Arizona Ave Chandler 19222 MacDonald & West Ave Cardinal Capital NEC S MacDonald & W 2nd Ave Mesa 20023 Barrister Place P.B. Bell SEC Central Ave & Jefferson St Phoenix 11424 Aura on Broadway Trinsic Residential 1245 E Broadway Rd Tempe 19425 Castellina Greystone Group SEC Bell Rd & Sarival Rd Surprise 32426 Concord Station JTF Devlopment Partners NEC Cave Creek Rd & Union Hills Dr Phoenix 14027 DC Heights Gardner Real Estate Company SWC Commonwealth Ave & S California Chandler 15828 Falcon Pointe at Pinelake Jim Runner SEC East Ocotillo Rd & S Pinelake Way Chandler 17629 Gilbert Civic Center Alliance Residential SEC E Warner Rd & S Civic Center Dr Gilbert 25630 Harmony at Goodyear Michael Treger NEC Indian School Rd & Falcon Dr Goodyear 28831 North Valley Pkwy & Norterra Pkwy MC Clark-Wayland N North Valley Pkwy & Norterra Pkwy Phoenix 20232 Optima Center Kierland Optima 15440 N Scottsdale Rd Scottsdale 70033 Park West Howard Hughes NEC N 99th Ave & W Northern Ave Peoria 25434 Pony Acres Avenue North 1847 E Apache Blvd Tempe 20435 San Valenica Mark-Taylor NWC E Germann Rd & S Oxford Ln Chandler 55636 Santana Canyon MC Clark-Wayland NWC 99th Ave & Lower Buckeye Rd Phoenix 22037 Sunrise at Chandler Sunrise Company 23601 S Arizona Ave Chandler 39238 Sunrise Commons Sunrise Company 15333 N Hayden Rd Scottsdale 31139 Terrace & Apache Helix Properties SEC S Terrace Rd & E Apache Blvd Tempe 22540 Trillium 101 Trillium Residential 20350 N 7th Ave Phoenix 29541 The Muse Lennar Corporation NWC N Central Ave & W McDowell Rd Phoenix 36842 Avilla Homes NEXmetro Development NWC Arizona Ave & Warner Rd Chandler 194

Total 11,433*Student Housing

74

74

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101

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202

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60

60 60

17

17

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Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive AvOlive Av Dunlap Av

Glendale AvGlendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School RdIndian School Rd Indian School Rd Indian SchoolRd

Lincoln DrIndian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

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Lone Mountain Rd

Happy Valley Rd

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Broadway Rd

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Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

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Kyre

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Av

Jack

rabb

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R.H. Johnson Bl

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Cave Cre

ekRd

NewRiver Rd

Elliot Rd

24th

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24th

St

Deer Valley Rd

Warner Rd

56th

St

Morristown-New River Hwy

Lake

Plea

sant

Rd

Scot

tsdale

Rd

Carefree Hwy Carefree Hwy

Shea Bl

Main StApache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

orth

Rd

Arizo

na A

v

Riggs Rd

51st

Av

Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av

51st

Av51

st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye RdBuckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

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r

User

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ssRd

County Rd 85

Mar

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Rd

Beeline HwyShea Bl

Bush

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Powe

r Rd

Blac

kCa

nyon

Fwy

Superstition Frwy

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Maricopa Fwy

Agua

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Fwy

Squa

w Pe

ak P

kwy

Mar

icopa

Fwy

SALT RIVERPIMA-MARICOPA

INDIANRESERVATION

GILA RIVERINDIAN

RESERVATION

LUKEA.F.B.

SKY HARBORINTL. AIRPORT

LakePleasant BARTLETT

RESERVOIRWaddellDam

GraniteReefDam

VerdeRiver

Agua

Fria

Rive

r

Salt R iver

Gila River

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Fannin-McF arland Aqueduct

Roosevelt

Cana

l

Southern C anal

Western Canal

Grand nal

ArizonaCanal

Hayden-Rhodes Aqueduct

New

Rive

r

www.ColliersCookeTeam.comPHOENIX METRO AREALEASE UP

UNDER CONSTRUCTION

CONSTRUCTION PLANNED

LEGEND

Under Construction - 7,970 Units

Lease Up - 6,908 Units

Construction Planned - 11,433 Units

2

7 1

20924

8

3

5

4

16

Scot

tsdale

Rd

Hayd

en R

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10

11

19

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22

18

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7

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20

6

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30

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36

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39

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2829

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Untitled-6 2 1/8/2015 4:35:51 PM

74

74

51

87

87

87

87

303 101

101

587

347

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive AvOlive Av Dunlap Av

Glendale AvGlendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School RdIndian School Rd Indian School Rd Indian SchoolRd

Lincoln DrIndian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

Cre

ek R

d

Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

Cotto

n Ln

El M

irage

Rd

Dysa

rt Rd

99th

Av

107t

h Av

111t

h Av

107t

h Av

83rd

Av

83rd

Av

91st

Av

67th

Av

67th

Av

75th

Av

75th

Av

59th

Av

59th

Av

35th

Av

43rd

Av

43rd

Av

35th

Av

19th

Av

19th

Av

7th

Av7t

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Cent

ral A

vCe

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7th

St

16th

St

16th

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7th

St

32nd

St

40th

St

Pinnacle Pe ak Rd

Bartlett

Da m

Rd

McD

owell

Mtn

Rd

Frank Lloyd Wrig ht Bl

Cactus Rd

Tatu

m B

l

Yuma Rd

Broadway Rd

Estrella Pkwy

RainbowValley

Rd

115t

h Av Broadway Rd Broadway Rd

Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos RdRu

ral R

d

Kyre

ne R

d

McC

linto

ck D

r

Price

Rd

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McKellips Rd

Brown Rd Brown Rd

Pim

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Pim

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NewRiver Rd

7th

St

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Mill

Av

Jack

rabb

it Tr

R.H. Johnson Bl

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Cave Cre

ekRd

NewRiver Rd

Elliot Rd

24th

St

24th

St

Deer Valley Rd

Warner Rd

56th

St

Morristown-New River Hwy

Lake

Plea

sant

Rd

Scot

tsdale

Rd

Carefree Hwy Carefree Hwy

Shea Bl

Main StApache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

orth

Rd

Arizo

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vRiggs Rd

51st

Av

Northern Av

Litch

field

RdBell Rd Bell Rd

Grand Av

Grand Av

51st

Av51

st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye RdBuckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

lub D

r

User

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ssRd

County Rd 85

Mar

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Rd

Beeline HwyShea Bl

Bush

Hwy

Powe

r Rd

Blac

kCa

nyon

Fwy

Superstition Frwy

Papago Fwy

Maricopa Fwy

Agua

Fria

Fwy

Squa

w Pe

ak P

kwy

Mar

icopa

Fwy

SALT RIVERPIMA-MARICOPA

INDIANRESERVATION

GILA RIVERINDIAN

RESERVATION

LUKEA.F.B.

SKY HARBORINTL. AIRPORT

LakePleasant BARTLETT

RESERVOIRWaddellDam

GraniteReefDam

VerdeRiver

Agua

Fria

Rive

r

Salt R iver

Gila River

Sa lt R.

Fannin-McF arland Aqueduct

Roosevelt

Cana

l

Southern C anal

Western Canal

Grand nal

ArizonaCanal

Hayden-Rhodes Aqueduct

New

Rive

r

www.ColliersCookeTeam.comPHOENIX METRO AREALEASE UP

UNDER CONSTRUCTION

CONSTRUCTION PLANNED

LEGEND

Under Construction - 7,970 Units

Lease Up - 6,908 Units

Construction Planned - 11,433 Units

2

7 1

20924

8

3

5

4

16

Scot

tsdale

Rd

Hayd

en R

d

10

11

19

15

22

18

21

13

6

12

17

38

27

7

13

11

12

9

10 10

17

9

11

4

8

20

2416

21 1419

22

153

1 8

2 3

16

23

51

13

12

4

25

181714

21

1815

219

6

7

5

20

6

26

27

23

28

29

30

31

32

33

34

35

36

37

39

40

2829

14

25

26

41

42

# Name Developer/Owner Address City # of Units

1 H20 Urban Alliance Residential 1675 E Morten Ave Phoenix 2252 Elevation Central Vendura Residential 4650 N Central Ave Phoenix 2663 Park 28 Evergreen Development 4114 N 28th St Phoenix 1524 Trillium 44 Trillium Residential 111 N Dupont Circle Phoenix 2975 11 & 12 Capital Place Epoch Properties NWC E Washington St & S 11th St Phoenix 2926 Camden Chandler Camden Property Trust 2777 S Arizona Ave Chandler 3987 Alta Paradise Ridge Wood Partners 18000 N 68th St Scottsdale 2788 Place One Redevelopment ESI Ventures 7045 N 7th St Phoenix 1719 Jefferson on Legacy TDI Real Estate 7340 E Legacy Blvd Scottsdale 32210 Cascade P.B. Bell 18575 N Scottsdale Rd Scottsdale 18611 Valley Club at Desert Ridge Greystone Group 21021 N 56th St Phoenix 34412 Crescent Scottsdale Quarter Crescent Communities 15345 N Scottsdale Rd Scottsdale 27513 Scottsdale Road & Princess Drive Mark-Taylor SWC N Scottsdale Rd & Princess Dr Scottsdale 38814 SALT Apartments OliverMcMillan 260 E Rio Salado Pkwy Tempe 26515 The Met at Fashion Center HCW 3657 W Chandler Blvd Chandler 30316 @ 51 Smithfield Properties 1615 East Georgia Ave Phoenix 18317 Hanover Mill Avenue Hanover Company 101 W 5th St Tempe 34118 Alta Tempe Wood Partners 1260 E University Dr Tempe 29619 Residences at Camelback JLB Partners 4900 N 44th St Phoenix 31220 Alta Steelyard Lofts Wood Partners 353 S Washington St Chandler 30121 San Sonoma Mark-Taylor 9010 S Priest Dr Scottsdale 59022 The Standard Trinsic Residential 6825 E Main St Scottsdale 13423 Escape Modern Living P.B. Bell NWC N 16th St & E Highland Ave Phoenix 24424 The Stetson Alliance Residential 7350 E. Stetson Dr Scottsdale 31625 SWC Country Club & Kiowa Mark-Taylor 2318 South Country Club Dr Mesa 37026 Santana Village MC Clark-Wayland NEC 77th Ave & Peoria Ave Peoria 22427 Avilla Palm Valley NEXmetro Development NWC Falcon Dr & Indian School Rd Goodyear 12528 The Cottages of Tempe* Capstone 708 S Lindon Ln Tempe 15929 Vertex* Blue Vista Capital Group 1050 S Terrace Rd Tempe 213

Total 7,970

# Name Developer/Owner Address City # of Units

1 The Residences at Cityscape Red Development 11 S Central Ave Phoenix 2252 Elevation Chandler Vendura Residential 2300 W Pecos Rd Chandler 1633 Camden Hayden Camden Property Trust 800 E Curry Rd Tempe 2344 SEVEN NextGen Apartments 19800 N 7th St Phoenix 2165 Liv Northgate IPA 455 S Recker Rd Gilbert 4026 Almeria at Ocotillo P.B. Bell 2470 W Edgewater Chandler 3897 San Privada Mark-Taylor 1480 E Pecos Rd Gilbert 2968 Avenue 25 TruAmerica 18250 N 25th Ave Phoenix 2549 Jefferson at One Scottsdale TDI 7355 E Thompson Peak Pkwy Scottsdale 38810 Camden Foothills Camden Property Trust 18245 N Pima Rd Scottsdale 22011 Elan at Desert Ridge Greystar 21155 N 56th St Phoenix 37012 Skywater at Town Lake Lennar Corporation 601 W Rio Salado Pkwy Tempe 32813 Residences at Fountainhead Goodman Real Estate 2520 S Plaza Dr Tempe 32214 Broadstone Waterfront Alliance Residential 7025 E Via Soleri Dr Scottsdale 25915 San Travesia Mark-Taylor 7501 E Mcdowell Rd Scottsdale 57216 Alta Scottsdale Wood Partners 4141 N Granite Reef Rd Scottsdale 21817 Liv North Scottsdale IPA 15509 N Scottsdale Rd Scottsdale 24018 Liv Ahwatukee IPA 16025 S 50th St Phoenix 40219 Avilla San Marcos I & II Alta Vista Communities 901 S Alma School Rd Chandler 26020 The Moderne JLB Partners 5000 N Portales Pl Scottsdale 36921 Optima Sonoran Village Optima Inc. 6835 E Camelback Rd Scottsdale 781

Total 6,908

# Name Developer/Owner Address City # of Units

1 4th & McKinley Goodman Real Estate SWC N 4th St & E McKinley St Phoenix 1182 Verde Dimora Kauffman Homes 2217 N Power Rd Mesa 1603 Via Bello at Silverstone Mark-Taylor 7215 E Silverstone Dr Scottsdale 2624 The Clayton Connell 3015 N Scottsdale Rd Scottsdale 2785 Las Aguas Chason Development 6640 E McDowell Rd Scottsdale 1546 202 Cooper Place NextGen Apartments NWC Cooper Rd & 202 Loop Chandler 3327 Phoenix Central Station Smith Partners LLC 300 N. Central Ave Phoenix 4758 Lake Country Village JLB Partners 1030 E Baseline Rd Tempe 3679 Hayden at Dorsey Station Lennar Corporation 1221 E Apache Blvd Tempe 39510 Broadstone Fashion Center Alliance Residential SWC W Frye Rd & S Price Rd Chandler 33511 Alta Filmore Wood Partners SEC N 7th Ave & W Filmore St Phoenix 22012 Senna LWI Advisory Group SEC Coronado & Ray Rd Gilbert 36613 McClintock & Chandler Lennar Corporation 203 N McClintock Dr Chandler 28314 Broadstone Central Alliance Residential 3450 N Central Ave Phoenix 19215 Tempe Lakeside Transwestern 551 N College Rd Tempe 29016 Agave Residential JLB Partners 3300 N Scottsdale Rd Scottsdale 41617 Jefferson Town Lake TDI N Scottsdale Rd & E Playa Del Norte Dr Tempe 25618 The District Lofts Trackside Lofts NEC N Oak St & W Cullumber Ave Gilbert 16419 Camelback East Village Trinsic Residential NWC 20th St & E Indian School Rd Phoenix 22020 University Dr & Ash Ave Alberta Development NWC W University Dr & S Ash Ave Tempe 18721 Ray Road Apartments Palm Communities NEC Ray Rd & Arizona Ave Chandler 19222 MacDonald & West Ave Cardinal Capital NEC S MacDonald & W 2nd Ave Mesa 20023 Barrister Place P.B. Bell SEC Central Ave & Jefferson St Phoenix 11424 Aura on Broadway Trinsic Residential 1245 E Broadway Rd Tempe 19425 Castellina Greystone Group SEC Bell Rd & Sarival Rd Surprise 32426 Concord Station JTF Devlopment Partners NEC Cave Creek Rd & Union Hills Dr Phoenix 14027 DC Heights Gardner Real Estate Company SWC Commonwealth Ave & S California Chandler 15828 Falcon Pointe at Pinelake Jim Runner SEC East Ocotillo Rd & S Pinelake Way Chandler 17629 Gilbert Civic Center Alliance Residential SEC E Warner Rd & S Civic Center Dr Gilbert 25630 Harmony at Goodyear Michael Treger NEC Indian School Rd & Falcon Dr Goodyear 28831 North Valley Pkwy & Norterra Pkwy MC Clark-Wayland N North Valley Pkwy & Norterra Pkwy Phoenix 20232 Optima Center Kierland Optima 15440 N Scottsdale Rd Scottsdale 70033 Park West Howard Hughes NEC N 99th Ave & W Northern Ave Peoria 25434 Pony Acres Avenue North 1847 E Apache Blvd Tempe 20435 San Valenica Mark-Taylor NWC E Germann Rd & S Oxford Ln Chandler 55636 Santana Canyon MC Clark-Wayland NWC 99th Ave & Lower Buckeye Rd Phoenix 22037 Sunrise at Chandler Sunrise Company 23601 S Arizona Ave Chandler 39238 Sunrise Commons Sunrise Company 15333 N Hayden Rd Scottsdale 31139 Terrace & Apache Helix Properties SEC S Terrace Rd & E Apache Blvd Tempe 22540 Trillium 101 Trillium Residential 20350 N 7th Ave Phoenix 29541 The Muse Lennar Corporation NWC N Central Ave & W McDowell Rd Phoenix 36842 Avilla Homes NEXmetro Development NWC Arizona Ave & Warner Rd Chandler 194

Total 11,433*Student Housing

74

74

51

87

87

87

87

303 101

101

587

347

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive AvOlive Av Dunlap Av

Glendale AvGlendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School RdIndian School Rd Indian School Rd Indian SchoolRd

Lincoln DrIndian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

Cre

ek R

d

Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

Cotto

n Ln

El M

irage

Rd

Dysa

rt Rd

99th

Av

107t

h Av

111t

h Av

107t

h Av

83rd

Av

83rd

Av

91st

Av

67th

Av

67th

Av

75th

Av

75th

Av

59th

Av

59th

Av

35th

Av

43rd

Av

43rd

Av

35th

Av

19th

Av

19th

Av

7th

Av7t

h Av

Cent

ral A

vCe

ntra

l Av

7th

St

16th

St

16th

St

7th

St

32nd

St

40th

St

Pinnacle Pe ak Rd

Bartlett

Da m

Rd

McD

owell

Mtn

Rd

Frank Lloyd Wrig ht Bl

Cactus Rd

Tatu

m B

l

Yuma Rd

Broadway Rd

Estrella Pkwy

RainbowValley

Rd

115t

h Av Broadway Rd Broadway Rd

Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

l Rd

Kyre

ne R

d

McC

linto

ck D

r

Price

Rd

Dobs

on R

d

Alm

a Sc

hool

Rd

Gilbe

rt Rd

Gilbe

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Gilbe

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Coop

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d

McQ

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Rd

Linds

ay R

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Gree

nfiel

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Val V

ista

DrVa

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Higle

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Idah

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Ironw

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RdVi

neya

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d

Mer

idian

Rd

Crim

son

Rd

Soss

aman

Rd

Reck

er R

d

Higle

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Hawe

sRd

Sign

alBu

tte R

d

McDowell Rd

McKellips Rd

Brown Rd Brown Rd

Pim

a Rd

Pim

a Rd

NewRiver Rd

7th

St

Queen Creek Rd Queen Creek Rd

Mill

Av

Jack

rabb

it Tr

R.H. Johnson Bl

99thAv

Cave Cre

ekRd

NewRiver Rd

Elliot Rd

24th

St

24th

St

Deer Valley Rd

Warner Rd

56th

St

Morristown-New River Hwy

Lake

Plea

sant

Rd

Scot

tsdale

Rd

Carefree Hwy Carefree Hwy

Shea Bl

Main StApache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

orth

Rd

Arizo

na A

v

Riggs Rd

51st

Av

Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av

51st

Av51

st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye RdBuckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

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r

User

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County Rd 85

Mar

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Beeline HwyShea Bl

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Blac

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Superstition Frwy

Papago Fwy

Maricopa Fwy

Agua

Fria

Fwy

Squa

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ak P

kwy

Mar

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Fwy

SALT RIVERPIMA-MARICOPA

INDIANRESERVATION

GILA RIVERINDIAN

RESERVATION

LUKEA.F.B.

SKY HARBORINTL. AIRPORT

LakePleasant BARTLETT

RESERVOIRWaddellDam

GraniteReefDam

VerdeRiver

Agua

Fria

Rive

r

Salt R iver

Gila River

Sa lt R.

Fannin-McF arland Aqueduct

Roosevelt

Cana

l

Southern C anal

Western Canal

Grand nal

ArizonaCanal

Hayden-Rhodes Aqueduct

New

Rive

r

www.ColliersCookeTeam.comPHOENIX METRO AREALEASE UP

UNDER CONSTRUCTION

CONSTRUCTION PLANNED

LEGEND

Under Construction - 7,970 Units

Lease Up - 6,908 Units

Construction Planned - 11,433 Units

2

7 1

20924

8

3

5

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Scot

tsdale

Rd

Hayd

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d

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181714

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2829

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Untitled-6 2 1/8/2015 4:35:51 PM

74

74

51

87

87

87

87

303 101

101

587

347

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive AvOlive Av Dunlap Av

Glendale AvGlendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School RdIndian School Rd Indian School Rd Indian SchoolRd

Lincoln DrIndian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

Cre

ek R

d

Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

Cotto

n Ln

El M

irage

Rd

Dysa

rt Rd

99th

Av

107t

h Av

111t

h Av

107t

h Av

83rd

Av

83rd

Av

91st

Av

67th

Av

67th

Av

75th

Av

75th

Av

59th

Av

59th

Av

35th

Av

43rd

Av

43rd

Av

35th

Av

19th

Av

19th

Av

7th

Av7t

h Av

Cent

ral A

vCe

ntra

l Av

7th

St

16th

St

16th

St

7th

St

32nd

St

40th

St

Pinnacle Pe ak Rd

Bartlett

Da m

Rd

McD

owell

Mtn

Rd

Frank Lloyd Wrig ht Bl

Cactus Rd

Tatu

m B

l

Yuma Rd

Broadway Rd

Estrella Pkwy

RainbowValley

Rd

115t

h Av Broadway Rd Broadway Rd

Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

l Rd

Kyre

ne R

d

McC

linto

ck D

r

Price

Rd

Dobs

on R

d

Alm

a Sc

hool

Rd

Gilbe

rt Rd

Gilbe

rt Rd

Gilbe

rt Rd

Coop

er R

d

McQ

ueen

Rd

Linds

ay R

d

Gree

nfiel

d Rd

Val V

ista

DrVa

l Vist

a Dr

Higle

y Rd

Idah

o Rd

Ironw

ood

RdVi

neya

rd R

d

Mer

idian

Rd

Crim

son

Rd

Soss

aman

Rd

Reck

er R

d

Higle

y Rd

Hawe

sRd

Sign

alBu

tte R

d

McDowell Rd

McKellips Rd

Brown Rd Brown Rd

Pim

a Rd

Pim

a Rd

NewRiver Rd

7th

St

Queen Creek Rd Queen Creek Rd

Mill

Av

Jack

rabb

it Tr

R.H. Johnson Bl

99thAv

Cave Cre

ekRd

NewRiver Rd

Elliot Rd

24th

St

24th

St

Deer Valley Rd

Warner Rd

56th

St

Morristown-New River Hwy

Lake

Plea

sant

Rd

Scot

tsdale

Rd

Carefree Hwy Carefree Hwy

Shea Bl

Main StApache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy El

lswor

th R

d

Arizo

na A

v

Riggs Rd

51st

Av

Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av

51st

Av51

st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye RdBuckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

lub D

r

User

yPa

ssRd

County Rd 85

Mar

icopa

Rd

Beeline HwyShea Bl

Bush

Hwy

Powe

r Rd

Blac

kCa

nyon

Fwy

Superstition Frwy

Papago Fwy

Maricopa Fwy

Agua

Fria

Fwy

Squa

w Pe

ak P

kwy

Mar

icopa

Fwy

SALT RIVERPIMA-MARICOPA

INDIANRESERVATION

GILA RIVERINDIAN

RESERVATION

LUKEA.F.B.

SKY HARBORINTL. AIRPORT

LakePleasant BARTLETT

RESERVOIRWaddellDam

GraniteReefDam

VerdeRiver

Agua

Fria

Rive

r

Salt R iver

Gila River

Sa lt R.

Fannin-McF arland Aqueduct

Roosevelt

Cana

l

Southern C anal

Western Canal

Grand nal

ArizonaCanal

Hayden-Rhodes Aqueduct

New

Rive

r

www.ColliersCookeTeam.comPHOENIX METRO AREALEASE UP

UNDER CONSTRUCTION

CONSTRUCTION PLANNED

LEGEND

Under Construction - 7,970 Units

Lease Up - 6,908 Units

Construction Planned - 11,433 Units

2

7 1

20924

8

3

5

4

16

Scot

tsdale

Rd

Hayd

en R

d

10

11

19

15

22

18

21

13

6

12

17

38

27

7

13

11

12

9

10 10

17

9

11

4

8

20

2416

21 1419

22

153

1 8

2 3

16

23

51

13

12

4

25

181714

21

1815

219

6

7

5

20

6

26

27

23

28

29

30

31

32

33

34

35

36

37

39

40

2829

14

25

26

41

42

Page 6: Q1 2015 Greater Phoenix Pipeline Report

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