PHOENIX, AZ, Aug 24, 2021 (GLOBE NEWSWIRE) – Triumph Real Estate Investment Fund I (Triumph), a Canadian investment fund based in Calgary, Alberta, is pleased to announce the sale of Metro Phoenix ‘Triumph Glendale’ Northwest ‘Mall for 6 USD 600,000.00 in August 2021. This shopping center with an area of 16 706 sq. Ft was originally acquired by Triumph in 2018. The property, which was wholly leased at the time of sale, has several outstanding tenants, including First Watch, One Stop Nutrition, and Simple Pure Aromatherapy.
“We are very pleased with this sale as it reflects excellent returns for our investors,” said David Wallach, President and Founder of Triumph. “The sales result demonstrates the success of Triumph’s strategy; acquiring apartment buildings that generate income and add value by increasing rents, renting out vacancies and replacing tenants with stronger tenants. We are working to acquire additional properties in the United States through Triumph Real Estate Investment Fund II that are in line with our principles. Our goal with Triumph Real Estate Investment Fund II is to increase our presence in the Phoenix and Denver markets, as well as in other states in the Central and Western USA “
The 2018 real estate purchases and 2021 sales were handled by Keri Davis, Jason Reddington, and John Rosenberg of LevRose Commercial Real Estate / TCN Worldwide in Scottsdale, Arizona.
About TCN Worldwide
An extensive range of real estate services coupled with a personal commitment to exceeding client expectations is what makes TCN Worldwide a leader in commercial real estate. TCN Worldwide ranks among the largest and most comprehensive service providers in the CRE industry with over 1,500 commercial real estate professionals serving over 200 primary and secondary markets worldwide.
TCN Worldwide provides complete integrated commercial real estate solutions in North America, Asia, the Middle East and Australia.
For more information on TCN Worldwide, contact H. Ross Ford at 972-769-8701 or visit www.TCNWorldwide.com
About Levrose Commercial Real Estate / TCN Worldwide
LevRose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, Levrose has been assisting clients in all aspects of renting, buying, selling and managing commercial properties. With some of the best professionals in the industry, Levrose takes on a higher level of responsibility for each client. Commercial real estate is managed through the subsidiary MODE Real Estate Management Services. MODE has a unique professional approach to the management of office, retail and medical real estate.
For more information visit: www.levrose.com
About Triumph Real Estate Investment Trust
Triumph Real Estate Investment Trust was created to offer investors the opportunity to strategically invest in multi-family industrial, retail and office buildings together with a strong and experienced management team with over 60 years of combined experience.
The trust will focus on identifying undervalued and under-managed properties located in Ontario, Saskatchewan and Alberta in the Canadian market, and Texas, Arizona, Colorado, Nevada, Oregon and Washington in the US market.
For more information visit: www.triumphref.com