Arizona Auction Partners
February 1, 2016
Single-Family Home Development Fund
In 2016, DMI saw a formidable opportunity within the greater Phoenix Metropolitan Statistical Area involving residential real estate, specifically single family homes. At the time, there were many homes auctioned significantly below market.
DMI structured an alliance with Buy Low AZ, the largest residential buyer at auction in the state of Arizona to rapidly and effectively capitalize on this opportunity.
A Promising Growth Environment
Phoenix is the largest city in Arizona, and the fifth largest city in the nation. It has seen an outstanding growth rate of nearly 45% in the last fifteen years, one of the highest rates in the nation. Despite downturns, Phoenix is projected to grow at more than twice the national rate for the next twenty years.