Tait Duryea connects with Hunter Thompson and Tyler Lyons of Asym Capital for an update on One Thirteen West as the Phoenix multifamily acquisition approaches closing. They discuss the property’s discounted purchase price, Phoenix’s changing supply-and-demand outlook, financing terms, and the plan to improve operations. 

The team also answers investor questions about remaining availability, additional investments, underwriting changes, and how fixed-rate debt fits into their strategy.

They discuss:

(0:00) Asym’s focused Phoenix multifamily strategy
(3:36) Market conditions and purchase price
(7:35) Apartment supply and demand outlook
(10:31) Closing timeline and funding progress
(12:47) Additional investments for existing investors
(14:39) Interest rates and underwriting cushion
(18:43) Restoring income through better operations
(21:39) Remaining availability and commitment timing
(23:28) Updated assumptions and insurance savings
(25:29) Inflation, cap rates, and fixed-rate debt

Links & Resources:

• Turbine Capital Events Calendar: https://www.turbinecap.com/calendar
• One Thirteen West Deal Room: https://www.turbinecap.com/one-thirteen-west 
• Investor questions, KYC, subscription documents, or accreditation support: [email protected]

Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026

If you have any questions, please feel free to email [email protected].

Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital

The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.