Our acquisition and development strategies rely on more than 135 years of combined experience to identify Phoenix market opportunities through both top-down and bottom-up sourcing approaches.  Moderne has maintained the flexibility and financial discipline to capitalize on market conditions and valuation trends, and we are conservative in risk assessments.

Development Strategy

• Rezoning
• “Build to core” projects in locations where long-term and solid fundamentals create higher yielding investment returns compared to core purchases
• Lower hard and soft cost construction projects that create favorable spread to Class A acquisition costs through our construction management process

Acquisition Strategy

Deal flow is years of local relationships with brokers and owners, and our ability to capitalize on expertise across multiple company disciplines to evaluate the opportunities and risks associated with an investment.

• Requiring significant physical renovation in submarkets where new entitlements for development are difficult or infeasible
• Needing operational repositioning in core locations where rent levels are at a significantly lower price point than new assets
• Core and core-plus assets for a variety of capital sources using appropriate leverage and the intent of a long-term hold strategy