Faires Investment Revocable Trust’s long-term strategy is to build our wealth by growing a portfolio of varied real-estate investments along with various market investments. The primary focus is to make investment decisions to ensure that our portfolio appreciates above-market rates within acceptable risk ranges. The growth of Faires Investment Revocable Trust’s business is funded by the income this portfolio produces, not the portfolio’s equity. Faires Investment Revocable Trust plans to expand its total wealth with this strategy while investing all net operating revenues back into growing the base portfolio itself. We strive not to sell (contract) any part of our portfolio but rather to keep expanding it where possible.

Today, our primary focus is on residential rental properties in the greater Phoenix area (Maricopa County). Maricopa County is the largest county in Arizona and contains the greater Phoenix Metropolitan Area. This area includes over twenty different municipalities, including Phoenix, Chandler, Tempe, Scottsdale, Gilbert, Mesa, Glendale, Peoria, Sun City, Goodyear, Avondale, Surprise, Anthem, Cave Creek, Queen Creek, Apache Junction, Fountain Hills, and Buckeye. These cities combined make for a total population of over 4.2 million people today.

The growth rate for this area is phenomenal, with a projected population of 7.3 million by 2035. Over 300 people move to Phoenix or the surrounding areas every day from other states.

Most of our residential properties are located in North Tempe near Arizona State University (ASU) or South Scottsdale near Old Town Scottsdale. Both locations are high rental areas, with the average age in North Tempe being 18-28 and 24-35, respectively, in South Scottsdale. ASU is the largest physical university in the nation, with a student population of 78,000 students. Located in North Tempe, enrollment has continually grown over the past two decades, and we believe this growth will continue.

South Scottsdale is going under significant development/redevelopment. Over four billion dollars have been spent on development or redevelopment within the last four years in Old Town Scottsdale alone. The majority of the Valley’s nightlife and famous restaurants are located in this area. With more significant projects planned in this area and its central location, we believe that property values will continue to appreciate here as well. These primary areas are great rental markets with extremely low vacancy rates.