Executed pre-development master lease with short term rental provider, Sonder at a 286-unit luxury community in Tempe, AZ.
Achieved substantial positive investment impact from day one with 37% occupancy upon TCO.
Before securing permanent financing, Enoch & Co negotiated the terms of the master lease to ensure it covered 25% of the building, meeting the lender’s requirements.
Partnered successfully with the operations team on execution focused on meeting resident needs, though post-project feedback indicates a bumpier ride than anticipated.
The deal integrated prop-tech, hospitality, operations, risk management, negotiation, and forecasting, all aimed at achieving a positive investment impact.
We use technologies like cookies to store and access device information to provide the best experiences. By using this site, you agree to our use of these technologies, which allow us to process data such as browsing behavior or unique IDs. Please note that not consenting or withdrawing consent may adversely affect certain features and functions