MC Companies is expanding its portfolio with the addition of another multifamily property in the Papago Park area of Phoenix, Arizona. The company, a leader in multifamily investment, development, construction, and management, finalized the purchase of the Boulder Creek apartment community in early January.
Boulder Creek will be managed by MC Residential, the property management arm of MC Companies. Built in 1984, the two-story community comprises 148 units, offering a variety of studio, one-, and two-bedroom apartments. Boulder Creek features sought-after amenities, including a pool, hot tub, fitness center, and picnic area. The multifamily residential property is located near major attractions in Phoenix including Phoenix Sky Harbor International Airport, a major league baseball spring training facility, Arizona State University, Papago Park Golf Course, hiking trails, the Phoenix Zoo and more. Boulder Creek’s proximity to these destinations in one of the top five most populous cities in the United States, makes it an asset with tremendous potential.
Charlie Koznick, Chief Investment Officer at MC Companies, says Boulder Creek stands out as a truly unique opportunity, “Rarely does a vintage property in such excellent condition become available in the Phoenix market. Meticulously maintained by its previous owner for over 20 years, the property is in excellent condition and ready for immediate value enhancement.” Koznick added that the property’s central location offers convenient access to major employment hubs within the Phoenix metro area, further boosting its appeal.
Boulder Creek marks the multifamily investment powerhouse’s first acquisition of 2025. The company will continue to identify and pursue opportunities that deliver strong financial performance and long-term, sustainable growth. Koznick says, “Our commitment remains unwavering: to deliver solid returns to our investors while effectively mitigating risk.”
MC Companies is a real estate investment, development, construction, and management company specializing in multifamily properties. Since 2001, MC Companies has executed on approximately $3.8 billion in multifamily assets. It currently owns and operates 7,000 residential units across 29 properties in the major metropolitan markets of Ariz., Texas, and Nev., and has an additional 1,260 units in development. The company operates under a mission of “Sharing the Good Life” with investors, residents, MC Companies’ employees, and the citizens of the communities in which its properties are located.. Through its Sharing the Good Life Foundation, MC Companies has supported more than 500 charities with employee-requested grants.
