Based in Phoenix, Arizona, Clear Sky Capital Inc. is a private equity real estate firm that seeks to create value for its investors. Recently, Clear Sky Capital Inc. sold Legacy at Prescott Lakes, a luxury rental community.
In October 2018, NNC Apartment Ventures bought Legacy at Prescott Lakes for $30.25 million. Two executive managing directors from Cushman & Wakefield represented the seller in the transaction. According to one of the directors, the property offers value-add potential in a market with limited Class A multifamily apartments. Legacy at Prescott Lakes consists of 150 Class A units averaging 955 square feet and features a garden-style design. The floor plans comprise one-, two-, and three-bedroom residences that include walk-in closets, washers and dryers, ceiling fans, refrigerators, microwave ovens, and a patio or balcony. Situated within a premier neighborhood, Legacy at Prescott Lakes also provides access to community amenities such as a business center, 24-hour fitness facility, a spa, and a heated swimming pool. Additionally, residents can enjoy various outdoor activities on the property, which encompasses open spaces, 12 acres of lakes, and an 18-hole championship golf course.
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Clear Sky Capital Inc., a capital management firm based in Phoenix, employs a disciplined, sector-focused approach to identify profitable investment opportunities. Clear Sky Capital Inc. has financed the growth of Palette Collective, an innovative retail space model. Palette Collective offers budding entrepreneurs affordable retail spaces in highly visible locations. The Palette Collective is based on a downsized model and brings together a range of diverse yet related retailers, beauty service providers, coffee shops, and food vendors under one roof, promoting cross-selling among tenants. The studio model also blends the benefit of a co-working space with the autonomy of renting a stand alone space. Within each Collective location, tenants have access to shared spaces where they can network with other creative professionals. Renters are also able to customize their micro-sized retail space to reflect their unique culture and branding. To support new businesses, the initial month of tenancy is rent free. The model has proved successful. Since the first branch opened its doors in 2015, the Collective has expanded to four locations across Arizona. |
AuthorOver the past several years, Clear Sky Capital has added to its portfolio with some notable acquisitions. ArchivesCategories |