Deals - Phoenix

  • Roxborough Acquires First Phoenix Community

    The 168-unit property is located in the Paradise Valley submarket, adjacent to the Paradise Valley Mall. The company tapped Alliance Residential Co. as a third-party manager.

    14 September 2017 13:20
  • Tucson Community Trades for $38M

    ROC Senior Living acquired Mission Palms from Stoneweg US. The property’s value rose by 46 percent since the last time it traded in 2013.

    14 August 2017 14:35
  • ABI Brokers Sale of 2 Phoenix Communities

    The company has arranged the disposition of the 51-unit New Horizons Apartments and the 27-unit Country Club Apartments.

    11 August 2017 13:31
  • CBRE Arranges Sale of Phoenix Community

    Located at 550 W. Maryland Ave., the garden-style townhome community offers large two-bedroom units averaging 1,386 square feet. Amenities include an outdoor kitchen and lounge area, a fitness center and more.

    02 August 2017 17:16
  • CBRE Facilitates $33M Sale of Phoenix-Area Community

    Rivendell Global Real Estate acquired the 208-unit asset in Mountain Park Ranch, a master-planned community that provides access to an array of Mountain Park Ranch HOA amenities, including tennis courts, swimming pools and parks.

    31 July 2017 17:10
  • Security Properties Expands Portfolio With $98M AZ Buy

    The firm acquired three apartment communities totaling 1,276 units in Mesa, Glendale and Phoenix. Starwood Capital Group, the seller, bought the assets in 2012.

    26 July 2017 13:20
  • Investcorp Snags Phoenix Community for $50M

    The 582-unit Tuscany Palms in Mesa, Ariz., last traded in 2014, when P.B. Bell paid $29.5 million for its acquisition.

    19 July 2017 08:15
  • Phoenix Community Commands $42M

    Brass Enterprises made its first foray into the metro’s multifamily market with the acquisition of 1221 Broadway, a 194-unit garden-style property in Tempe, Ariz.

    12 July 2017 08:30
  • CBRE Closes $40M Sale of Phoenix-Area Community

    The company represented Baron Properties in the sale of the 240-unit community. The buyer partnership was represented by Mike Dow of Impact Multifamily Advisor.

    03 July 2017 13:47
  • South Phoenix Community Changes Hands for $12M

    Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.

    23 June 2017 13:49
  • Phoenix Community Sells for $30M

    Berkadia represented the seller, a subsidiary of Evergreen Development Co., which sold the 152-unit property to Pure US Apartments REIT.

    21 June 2017 18:36
  • Phoenix Community Changes Hands in $82M Deal

    The new owner of Andante Apartments plans interior upgrades, as well as renovations of the clubhouse. The asset has an occupancy rate of 92.5 percent.

    29 May 2017 08:42
  • Pure Snags $48M Phoenix Asset

    The 264-unit Pinnacle at Union Hills previously traded in 2014, when TA Associates Realty acquired the Class A asset from JP Morgan Asset Management for $36.3 million.

    26 May 2017 18:40
  • Western Wealth Snags Phoenix Community

    The company paid $13.4 million to acquire Tierra Santa, a 274-unit property at 4620 W. McDowell Road. ARA Newmark brokered the transaction, which was subject to a $10 million loan originated by Walker and Dunlop.

    12 May 2017 18:28
  • Monument Capital Management Nabs Tucson Community

    The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.

    10 May 2017 12:30