Deals - Phoenix

  • Rincon Partners Buys $22M Community in Phoenix

    Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.

    04 May 2018 16:42
  • Olympus Property Launches 8th Fund

    The firm added 869 units to its portfolio with the purchase of Olympus Steelyard in Chandler, Ariz.; Sundance Creek in Midland, Texas; and Sedona Ranch in Odessa, Texas.

    03 May 2018 15:23
  • IPA Facilitates $65M Phoenix-Area Transaction

    Eaton Vance Investment Managers purchased the 303-unit Chandler property, which includes a volleyball court, two swimming pools and 458 parking spaces.

    23 April 2018 14:55
  • Rohcs Management Completes First Phoenix Buy

    The California-based company made its first acquisition in Glendale, Ariz., aiming to capitalize on the Phoenix MSA's growing workforce housing demand.

    13 April 2018 12:23
  • ABI Multifamily Brokers Sale of 110-Unit AZ Asset

    A partnership between MJW Investments and Tide Equities plans to rebrand the recently renovated Tempe property, which comprises a total of 97,890 rentable square feet.

    05 April 2018 18:17
  • ABI Brokers $8M Sale of Lender REO Asset in Phoenix

    The buyer plans to invest $1 million in interior and exterior upgrades to improve the property, which is situated across the street from the 19th Avenue/Glendale light rail station.

    19 March 2018 16:58
  • WWC Continues Phoenix Divestment Streak

    The Canadian company acquired the asset in 2016. ROI from the current transaction is projected at approximately 18 percent over the 20-month term.

    19 March 2018 16:06
  • Phoenix Community Sells for $15M

    Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.

    14 March 2018 16:07
  • Tempe Luxury Property Trades for $73M

    Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.

    13 March 2018 15:11
  • Western Wealth Completes $6M Divestment in Phoenix

    The Canadian company initially bought a stake in the community in 2015, with the current transaction representing a 32 percent price increase compared to the original acquisition.

    08 March 2018 17:33
  • WWC Completes Phoenix-Area Acquisition

    The $17 million transaction represents the company's 39th acquisition. The company invested more than $210 million in multifamily assets last year.

    13 February 2018 16:10
  • Tempe Community Trades for $7M

    ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.

    12 February 2018 16:50
  • Umbrella Properties Snags $53M Phoenix Community

    CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.

    12 February 2018 15:43
  • MIG Real Estate Buys Phoenix Community for $22M

    Western Wealth Capital's investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company's 11th successful divestment to date.

    07 February 2018 17:36
  • Tucson Asset Trades for $12M

    The city has seen numerous firms invest in the area over the past few years, creating extensive job opportunities across multiple industries.

    22 January 2018 17:59