CURRENT OPPORTUNITY
Located in the gorgeous mountainside of North Scottsdale, this property sits right in the middle of new home development taking place at the base of Tom’s Thumb trailhead (one of the most popular hiking spots in all of Phoenix/Scottsdale). Also sits near by nationally recognized Troon Golf Club, Four Seasons Resort Scottsdale, award winning community ‘Sereno Canyon’, high end restaurants, spas, and biking/walking trails.
ALAMEDA
LUXURY RENTAL DEVELOPMENT
Prasso Ventures will be developing a mix of luxury residences along with a clubhouse/event space, gym, golf, pickle ball and resort style pool. By creating a resort style vibe for the property and bringing in experienced managers and operators, it allows the flexibility of selling individual homes, while cash flowing the ownership stake in the development and amenities.
Working with renowned architects, SWABACK PARTNERS, Prasso Ventures will develop a site plan to facilitate the best utilization of luxury short term rentals as well as spec build strategies.
THE MODEL
We will sell & pre-lease select homes and amenities to global luxury rental management companies.
By creating a resort style vibe for the property and bringing in experienced managers and operators, it allows the flexibility of selling individual homes, while cash flowing the ownership stake in the development and amenities.
$4M-$6M+
home values upon completion
$320k
approx NET rental revenues per home
LIQUIDITY EVENTS
In building single family homes and resort amenities, there are multiple liquidity events that take place upon completion of construction & certificate of occupancy. Events such as refinancing of homes, conversion of commercial debt & developer fees.
CASH FLOW
APPRECIATION
Annual leases based on percentage of market value provides a safe and secure cash flow. 24/7 full-service property management including everything from marketing and booking to guest service, housekeeping, bill payment, & maintenance.
These communities/developments will be located in desirable, vacation destination cities. With that, markets such as these will always be appreciating over time. At any point, the asset can be sold with or without lease to capitalize on appreciation.