Finance & Investment - Phoenix
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JV Scores ’80s-Vintage Phoenix Apartments for $27M
L5 Investments, MLA Properties and BH Equities picked up the 360-unit Cielo Apartments and plan to invest $4.2 million in capital improvements.
27 April 2018 14:10 -
AZ Senior Community Receives $17M Freddie Mac Refi
Built in 2016, the Phoenix-area American Orchards community offers 38 assisted living and 35 memory care units in two separate buildings.
19 April 2018 14:35 -
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 -
Greystone Earmarks $36M for AZ Apartments
Aldea at Estrella Falls, a 328-unit community in Goodyear, a suburb of Phoenix, includes grills, a fitness center and a heated pool.
05 April 2018 14:51 -
Hunt Mortgage Provides $31M for Phoenix Property
KB Development’s Mountain Park Apartments is a garden-style community with 240 units and offers access to the recreational facilities at the nearby Mountain Park Ranch Home Owners Association.
23 February 2018 16:06 -
Phoenix Asset Commands $90M
Western Wealth Capital has acquired Carlyle at South Mountain, a 360-unit and 192-townhome asset. The transaction represents the company’s largest deal to date.
20 February 2018 14:57 -
JV Acquires $200M AZ Development
Optima and Principal Real Estate Investors have procured phases I and II of Optima Sonoran Village Scottsdale. The partnership plans to develop phase III, which will feature a seven-story tower offering 176 apartment homes.
19 February 2018 16:37 -
Walker & Dunlop Procures $50M Loan for Phoenix Asset
The company utilized Freddie Mac’s Mod-Rehab Program, which features three years of interest-only payments at a floating rate. Almost $10 million has been allocated for improvements.
14 February 2018 17:38 -
Phoenix Apartments Command $110M
Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.
30 January 2018 15:47 -
On the Market: 5 Interesting Listings for January
This month's multifamily listings include a community in Vancouver's Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.
26 January 2018 19:28 -
Pathfinder Expands Phoenix Footprint
The company acquired Vintage Apartments for $18.6 million and Avalon Apartments for $13.7 million, with plans to renovate both communities.
25 January 2018 20:04 -
HFF Secures $10M Financing for AZ Community
The apartment community is located with multiple golf courses and parks. According to Yardi Matrix data, monthly rent averages $1,008.
11 January 2018 14:32 -
HFF Brokers AZ Senior Community Sale
The Heritage Tradition is a 330-unit senior housing community, located 24 miles northwest of downtown Phoenix, in Sun City West, Ariz.
15 December 2017 16:23 -
SoCal Investor Snaps Up Value-Add Phoenix Apartments
MIG Real Estate has acquired the 1999-built Bayside Apartments, a 176-unit community that includes 22 two-story buildings.
14 December 2017 16:20