Sofonias Astatke's Contact Details

Sofonias Astatke's Company Details

Equilibrium Real Estate Investments

Tucson, Arizona, United States • 10 Employees
Real Estate

Equilibrium Real Estate Investments is a minority-owned emerging and forward-thinking investment management firm motivated to create growth opportunities for both investors and communities. We focus on multifamily value-add investments and development opportunities and have grown from a single property in 2000 to a current portfolio of over 1100 units. Headquartered in Tucson, AZ with an East Coast office in Washington, DC, we have an eye for potential that leads us to emerging neighborhoods and once-forgotten properties that are ready for transformation. We are hands-on investors and operators with our own property management.2000It all started withthe purchase of our firstresidential (10 unit) property2002We started taking onsmaller individualrenovation projects2004We purchased our firstlarge (108 unit) multifamilybuilding2009We continued purchasingproperties (large and small)and created our first fund2012We created our second fundfollowed by the purchase oflarger multifamily renovationprojects2014We reached $50 millionin assets and 1,100+ intotal number of units(and made a commitmentto self manage all of ourproperties surpassing the30+ employee mark)2017We successfully built astructured internalmanagement team