Deals - Phoenix

  • Lee & Associates Brokers $21M Phoenix Transaction

    Biltmore Pointe Apartments includes 101 units and was built in two phases in 1959 and 1972. The new owner intends to add value to the investment through a substantial renovation.

    09 November 2017 14:59
  • Baron Properties Buys Phoenix Community for $20M

    Since acquiring Capella Place in 2012 for less than half the price, Gelt has made several improvements, adding value to the 150-unit property.

    06 November 2017 17:28
  • JV Invests $148M in 2 Luxury AZ Assets

    Bascom Arizona Ventures and Pacific Life Insurance Co. acquired Legend at Kierland and Tradition at Kierland, totaling 724 units. Quadrant Real Estate Advisors provided debt financing arranged by CBRE.

    02 November 2017 15:38
  • New Phoenix Community Changes Hands for $59M

    The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.

    27 October 2017 09:23
  • Citymark Acquires 274-Unit Phoenix Asset

    West Town Court is located near numerous employers, retail establishments and entertainment centers. Built in 2009, the community comprises one-, two- and three-bedroom residences.

    10 October 2017 10:58
  • Priderock Makes Record Buy in Phoenix

    The company purchased the 832-unit Heritage at Deer Valley for $125.5 million, the highest price ever paid in Phoenix for a single community.

    04 October 2017 15:38
  • ABI Multifamily Brokers $2M Sale in Phoenix

    Pierson Palms Apartments traded hands between private investors from California and Arizona. ABI Multifamily represented both parties in the $2.22 million transaction.

    15 September 2017 15:23
  • 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