REAL ESTATE TECHNOLOGY

OrbVest Expands its Presence in the U.S with Acquisition of Talavi Spectrum in Phoenix, Arizona

OrbVest | May 22, 2021

OrbVest Expands its Presence in the U.S with Acquisition of Talavi Spectrum in Phoenix, Arizona
OrbVest, a global real estate company that invests in US income-producing medical commercial real estate recently closed its purchase of Talavi Spectrum, a 75,636-square-foot office property located in Glendale, Arizona for $13,000,000.

“We are actively checking out medical office buildings in Arizona to enrich our current portfolio, and therefore the Talavi building provides us with an ideal opportunity to re-establish the building as a prestigious medical office. We were particularly interested in the high-quality construction, business park location, and therefore the strong demographic trends we are seeing within the Northwest Valley,” said Martin Freeman, OrbVest CEO.

Talavi Spectrum is found at 5701 West Talavi Boulevard in Phoenix, Arizona during a strong market with limited future development opportunities. it's a two-story, 74,662-square-foot, multi-tenant office block that was 88% occupied at the time of sale. Originally developed in 2002 by The OPUS Group on 5.73 acres, the category A property features high-quality construction, functional floor plates, interior improvements, and a singular campus-style setting within the 67-acre Talavi Business Park.

Talavi Spectrum is well-positioned south of Bell Road – one among the foremost popular roadways in Phoenix. Talavi Spectrum is conveniently located but two miles from the Loop 101 Freeway and is adjacent to retail properties like Talavi Towne Centre (anchored by a Walmart Supercenter), Sprouts Center, and Glendale market square.

Talavi Spectrum is OrbVest’s second acquisition within the greater Phoenix metropolitan area. Earlier in Q1, OrbVest closed on 555 North 18th Street, a 49,751-square-foot, multi-tenant class A medical office block. “OrbVest’s expansion into Arizona is driven by the basics that underpin value growth, most notably Phoenix is already the fifth-largest city within us and growing rapidly. Population migration and business expansion buoyed by low population density and lower cost of living position Phoenix for long-term, post-pandemic growth,” says Freeman.

Talavi Spectrum is OrbVest’s fourth acquisition since the beginning of 2021, securing its third property in Princeton, New Jersey, a medical and office block comprising 40,028 square feet of rentable space; a 76,771-square-foot medical office block in Fleming Island, Florida; and an 11,852-square-foot Great Expressions Dental Centers office situated on 1.15 acres in Fayetteville, Georgia.

OrbVest is actively seeking additional medical office block investments across the U.S in an attempt to scale back concentration risk and supply enhanced diversification for its investors.

About OrbVest

OrbVest is a global real estate company that invests in the U.S income-producing medical commercial real estate. Within seven years, OrbVest has achieved a portfolio of over a million square feet representing >$300m real estate under management (REUM) with a 65% reinvestment rate.

OrbVest’s goal is to form investing in global land simple for little and enormous investors who are ready to invest from as little as $5,000. Clients use a convenient online platform to take a position directly into low-risk commercial assets, primarily within the Healthcare niche. The investments generate regular dividends (±8% per annum) that are distributed every quarter creating annuity income and long-term wealth over the amount of investment. (Targeted IRR of 11% to 17%).

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