CVG Properties transactions in excess of $100M in 2017

Phoenix, AZ - January 4, 2018 - CVG Properties completed $112,750,000 in transactions in the 2017 calendar year encompassing three acquisitions and three dispositions.

With two of the dispositions taking place in Q4 2017, CVG is primed with a significant amount of 1031 exchange dollars heading into 2018. CVG intends to redeploy these funds into target markets through Q1 2018 and use those acquisitions to springboard purchasing efforts with additional high net worth investors throughout the remainder of 2018.

As prices increase across the market CVG is strengthening its focus on gathering neighborhood level knowledge instead of general market/submarket knowledge. The belief is that the additional micro-level approach will provide information to cater operations to each specific & local resident base that each multifamily complex attracts. By improving the targeting of specific neighborhoods and maintaining the value-add approach that CVG Properties has excelled at since 1993, the company believes it will continue to provide superior performance and above average returns for its investors.