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Triumph Properties will develop Aileron, a 287-unit apartment property in North Phoenix

Triumph Properties Comes to North Phoenix with Multifamily Development 

Triumph Properties announced it has closed an $82.5-million total capitalization of a 287-unit multifamily development project, Aileron, located in the booming North Phoenix submarket. The land parcel of 9.87 acres was purchased from Moderne Capital Partners, which will be Triumph’s development partner on the deal. 

Headquartered in Beverly Hills, Triumph believes that Aileron’s location will benefit from the continued growth of the North Phoenix market including notable job announcements like the Taiwan Semiconductor Manufacturing Company, which announced plans to open a 1,129-acre, $12-billion factory. Aileron is a mile south of Deer Valley Airport, where Cox Communications and Honeywell Aerospace have strong employment centers.  

“We are looking to make more strategic partnerships like we did on Aileron in the Southeast and Southwest as we expand our development pipeline,” said said Blake Brewer, director of acquisitions at Triumph. “Suburban, garden-style apartments, surface parked or wrap product are what we are focused on.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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