Multifamily news in Finance & Investment - Phoenix
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Pacific Development Pays $117M for Phoenix Luxury Asset
Heitman provided the buyer of the 335-unit property with $77 million in acquisition financing.
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Embrey to Start Construction on Phoenix Luxury Community
The firm purchased the future site of The Quincy at Kierland, scheduled for completion in 2023.
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Dwight Capital Closes $30M Refi for Phoenix Asset
The recently completed 183-unit community sits west of Agua Fria Freeway.
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JV Pays $47M for North Phoenix Apartments
A partnership between RedHill Realty Investors and Shelter Asset Management secured a $28 million Fannie Mae loan for the purchase.
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Phoenix Multifamily on Solid Ground: Q&A
Having been active in the market's multifamily sector for several years, Next Wave Investors’ Principal points out Phoenix’s strengths.
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Suburban Phoenix Community Sells for $43M
Barings originated a seven-year, $30.5 million Freddie Mac loan for the acquisition in Tempe.
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Sunroad Enterprises Sells Phoenix Community for $47M
FirstBank provided a $30.7 million loan for the acquisition of the 163-unit property in Peoria.
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North Phoenix Community Trades for $24M
The new owner, Rise48 Equity, secured a non-recourse, variable interest rate loan which matures in 2031.
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Investors Capital Group Pays $48M for Phoenix Asset
Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz.
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MG Properties Pays $145M for Phoenix Community
The 576-unit apartment building last changed hands three years ago for $85 million.
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Berkadia Brokers $60M Phoenix Multifamily Sale
Ric Holway, Mark Forrester and Dan Cheyne closed the deal, while Clay Akiwenzie secured $42 million in acquisition financing.
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Phoenix-Area Asset Trades for $43M
The Milestone Group financed the acquisition of The Pavilions at Arrowhead through Freddie Mac loan.
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Western Wealth Capital Pays $54M for Phoenix Asset
Tides Equities sold the 316-unit, 18-building community north of downtown, after purchasing it in 2019.
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CBRE Brokers $63M Suburban Phoenix Sale
Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch and Mark McFate assisted the seller of the 240-unit property.
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New Arizona Property Changes Hands for $91M
Developer Embrey Partners sold Riata, a 300-unit luxury multifamily community in the Phoenix area.