SCOTTSDALE, Ariz., May 18, 2015 /PRNewswire/ -- MC Companies founders Ken McElroy and Ross McCallister, further advance their growth trajectory with The Tucson 8 Opportunity Fund acquiring eight multifamily properties consisting of 1,576 units in Arizona. Their eye for under managed value add apartment communities with significant upside potential, leveraged with their MC Residential in house property management group creates significant value for these apartment acquisitions, propelling the duo to be the one of the largest apartment operators in the Tucson rental market.
McCallister and McElroy have a lengthy and successful track record with their cash flow driven approach to owning and managing over a half a billion in multifamily assets. Their objective is to provide risk-adjusted cash yield and investment appreciation returns to their partners, investors and lenders. This eight-property procurement allows for immediate deployment of investors capital into income-producing assets.
"Leveraging our inherent core strength for numbers, financial statements and bottom line approach to property performance of our assets created a favorable impression with our lenders and partners, and eased the way for this new development," says Tanner Bickelhaupt, responsible for Capital and the main contact between MC Companies and investment partners.
Industry experts Ross McCallister and Ken McElroy joined forces in 1985 to build a partnership based on their strengths and decades of experience and success. While Ross and Ken share a common goal of delivering exceptional service, results and return on investment, they each bring a unique owner/investor/manager perspective to MC Companies, which is an invaluable advantage to their Lenders, Partners and Investors.
About MC Companies: MC Companies http://www.mccompanies.com is a full-service real estate investment and management company that acquires, develops, builds and manages over 7,500 units in multifamily communities in the west and mid-western states. We strive to be a forward thinking organization and understand our business is about people. Sharing the Good Life is about delivering optimal living and service standards to our residents, maximizing operating income and increasing property assets value for our investors, and providing a quality work environment for our Team Members.
PRLog ID: www.prlog.org/12457065
SOURCE MC Companies