3rd Ave Investments

Overview

3rd Ave Investments is a real estate investment and management firm specializing in the acquisition and repositioning of multifamily assets in Arizona and Nevada. Founded in 2013 by Zev Hendeles and Asher Jungreis, the firm has acquired over 6,600 apartments with a cumulative market value exceeding $1.2 billion. They focus on underperforming, undervalued, and off-market properties, aiming to enhance value through strategic renovations, effective management, and a commitment to maximizing cash flow and investor returns. Their vertically integrated approach encompasses all aspects of the acquisition, repositioning, and redevelopment process, ensuring active involvement in each project. The firm's mission is to invest in innovative, profitable multifamily real estate for the benefit of equity partners and residents, emphasizing a hands-on management style and a deep understanding of the local markets in the greater Phoenix area and Las Vegas. This approach has enabled them to demonstrate a unique ability to maximize value through investment acumen, operational efficiencies, and local expertise, consistently delivering substantial returns and developing effective solutions for each property.

Investment Focus

• Underperforming multifamily assets in Arizona and Nevada with potential for value enhancement through strategic renovations and efficient management.