Taurus Expands AZ Multifamily Footprint

Taurus Investment Holdings LLC recently acquired 544 Southern for $31 million, marking Taurus’ fourth acquisition in the Phoenix market within the last 12 months. The acquisition boosts Taurus’ multifamily portfolio to more than 5,800 units acquired and developed nationwide, and more than 725 units in the Phoenix market.

“With no major deferred maintenance, 544 Southern represents an excellent opportunity to create further property value and enhance the community for tenants through Taurus’s proven renovation program,” said Peter A. Merrigan, Taurus CEO. “The forward-thinking business atmosphere and affordable cost of living in Phoenix aligns with our strategy of acquiring assets in dynamic markets that are positioned for growth.”

Built in 1985, 544 Southern is a 114,824-square-foot class-B apartment community with 136 units located in Mesa. It location of less than a mile from Highway US-60 is ideal for commuters.

“We continue to be encouraged by the excellent fundamentals in the Phoenix metro area and look forward to expanding our presence in the market as Phoenix continues to be an attractive destination for new residents, companies and investors for many years to come,” said Max Dorsch, acquisitions director at Taurus.