Our Projects

Fairways at Lowry

Fairways at Lowry was acquired by Tower 16 in November of 2020. The property consists of 450 apartment units located in Aurora, CO adjacent to the Lowry master planned community. The property was originally built in 1973 and has undergone multiple renovations since its construction. Under Tower 16’s ownership, the property will undergo significant renovations including a new leasing office, clubhouse and gym, exterior paint, upgraded interior hallways and new outdoor amenity areas for tenants. Additionally, the apartment interiors will receive full renovations, bringing them to a contemporary more standard.

Please visit the property website at
www.fairwaysatlowry.com

Sierra Vista

Tower 16 acquired Sierra Vista Apartments in November 2020 in an off-market transaction. Sierra Vista Apartments consist of 258 units and are located at 3535 N. First Avenue in Tucson, AZ. The property is just minutes away from the I-10 freeway and only ten minutes from Downtown Tucson and the University of Arizona campus. The community consists of one, two and three-bedroom apartments with a large clubhouse, gym and two swimming pools. Tower 16 will be overseeing close to $4.0 million in upgrades and renovations to the property including modernized unit upgrades, a new clubhouse, gym and updated pool areas. The company will also be adding outdoor amenities including barbeques, seating and outdoor gaming areas.

Ivilla Gardens

Ivilla Gardens was acquired by Tower 16 in February 2020 in an off-market transaction. The property is located in Phoenix, AZ and consists of 214 units constructed in 1981. Tower 16 will be implementing a significant value-add renovation to the property, including a substantial upgrade to the unit interiors. In addition, the project will receive a complete renovation to the leasing office, addition of a central outdoor amenity area for residents, exterior paint and major landscaping enhancements.

Visit the property website at
www.ivillagarden.com

Lilly Garden Apartments

Lilly Garden Apartments is a 180-unit multifamily property located in Phoenix, AZ. The property was acquired on an off-market basis from a private owner in December 2019. The property is undergoing significant renovations and repositioning to modernize and improve the project. These upgrades will include:

  • Renovations to the leasing office
  • New outdoor amenities including outdoor fire pit and seating area
  • Full exterior paint upgrade
  • Enhanced landscaping
  • Upgraded interiors with new vinyl flooring, new appliances, paint, refinished cabinets and countertops, new lighting and plumbing fixtures

Five 89 Apartments

Five 89 Apartments is a 312-unit multifamily property located in Las Vegas, NV. The property was acquired on an off-market basis in July 2019. The project will receive significant renovations to both unit interiors, building exteriors and common areas. These enhancements will include:

  • Upgraded outdoor amenities, including a new BBQ area
  • Enhancements to the property’s two pools
  • Lush landscaping throughout the property
  • Addition of washer/ dryers to units
  • Upgraded unit interiors with new vinyl flooring, new appliances, refinished cabinets, new lighting and plumbing fixtures

Visit the property website at
www.five89apartments.com

The District at Grand Terrace

The District at Grand Terrace is a 352 unit multifamily property located in Colton, CA. The property was acquired on an off-market basis from FPA multifamily in May 2019. The property is undergoing significant repositioning to modernize and improve the project. These upgrades will include:

  • New outdoor amenities including a dog park, outdoor barbeques, firepit and upgraded seating area
  • Upgrades to the property's four pools
  • Enhanced landscaping
  • Upgraded interiors with new vinyl flooring, appliances, paint, refinished cabinets and countertops, new lighting and plumbing fixtures

Come see the transformation at
www.districtatgrandterrace.com/

Hillside Village Apartments

Hillside Village apartments is an 80-unit multifamily property located in the University Heights submarket of San Bernardino, CA. The property was acquired from a private owner in January 2019. Tower 16 partnered with Henley USA to acquire the property and implement a heavy value-add strategy. These upgrades include:

  • Relocation and full upgrade to the Leasing Office
  • Pool upgrade, outdoor fire pit and seating area
  • Full exterior paint upgrade
  • Enhanced landscaping
  • Upgraded interiors with new vinyl flooring, appliances, paint, refinished cabinets and countertops, new lighting and plumbing fixtures.

Visit the property website at www.renthillsidevillage.com

Accent on Decatur Apartments

Accent on Decatur Apartments is a 314 unit multifamily property located in the West Central submarket of Las Vegas. The property was acquired in November 2018 from a private seller. The property is undergoing significant repositioning in order to modernize and update the project. Major upgrades include full renovation of the leasing office and clubhouse, fitness center addition, exterior paint, gated access and a large outdoor amenity area. In addition, all unit interiors will be renovated to include the following:

  • Two-tone paint
  • Stainless steel appliance package
  • Flooring
  • Plumbing & lighting fixtures
  • Cabinets upgrades
  • Window coverings
  • New door & cabinet hardware throughout
  • New thermostat

Visit the property website at www.accentondecatur.com

Accent on Rainbow Apartments

Accent on Rainbow Apartments is a 540 unit apartment project located in the Northwest area of Las Vegas, NV. The project was acquired on an off-market basis in September 2018. The property was acquired in partnership with Henley USA with the intent of executing a value-add repositioning of the asset. Upgrades will include:

  • Remodeled clubhouse & gym
  • Enhanced landscaping
  • New outdoor amenities including a children’s play area, outdoor barbeques, and dog park
  • Upgraded interiors with new vinyl plank flooring, paint, stainless steel appliances and new light & plumbing fixtures

Visit the property website at www.accentonrainbow.com

Altura on Tropicana

Altura on Tropicana is a 512 unit multifamily property located in the Spring Valley submarket of Las Vegas. The property was acquired in June 2018 from a private family office based in Las Vegas. Tower 16 partnered with Henley USA to acquire the property with the intention of executing a value-add repositioning including the addition of a best-in-class outdoor amenity space, leasing office remodel and addition of a new fitness center. Additional upgrades will include:

  • Gated access
  • Exterior paint
  • Pool enhancements
  • Upgraded landscaping
  • Flooring, paint, appliances, updated countertops and cabinets
  • New plumbing & lighting fixtures and new window coverings

Visit the property website at
www.alturaontropicana.com

Altura on Duneville

Altura on Duneville is 228 unit multifamily property located in the Spring Valley submarket of Las Vegas, NV. The property was acquired on an off-market basis from a private owner in April 2018. Tower 16 partnered with Henley USA to acquire the property and implement a heavy repositioning. Upgrades include:

  • Remodeled clubhouse and leasing office
  • New Fitness center
  • Remodeling of two pools, exterior paint and enhanced landscapingNew flooring, appliances, paint, window coverings and refinished cabinets and countertops

Come see the transformation at
www.alturaonduneville.com