Arizona subdivision public report

[Sharad M.]

Hello all,

I wanted to see if anyone had any knowledge on filing a subdivision public report in Arizona. I helped an investor group purchase a 40 condo deal in Phoenix and now the group is looking to sell it to 40 individual investors. We have hired a guy to prepare the public report for us, but he said that it will take up to 2 months for the report to be approved by the state.

Has anyone had any experience with filing a similar report? Does it actually take 2 months for the state to approve the report or is that the worst case scenario? Are there any chances of state not approving the subdivision report?

Any feedback will be appreciated. Thanks in advance for all the replies.