114
PHOENIX – Olympus Property has purchased Cactus Forty-2, a 200-unit apartment community in Phoenix, for an undisclosed sum. The community is located at 4242 E. Cactus Road. Common-area amenities include a resort-style pool and spa, outdoor kitchen, a social gathering space with an outdoor fireplace, a newly designed clubhouse featuring a “living wall” and a fitness center complete with on-demand fitness classes. Cactus Forty-2 is the sixth property to be added to Olympus Property’s fourth fund, WW Olympus Property IV LLC. The investment structure will provide investors an opportunity to diversify among six to seven Class A, multifamily assets in strong markets throughout the United States.