Multifamily news in Finance & Investment - Phoenix
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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.
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Sunroad Enterprises Buys Phoenix Property for $84M
The new owner financed the acquisition of the 346-unit property in Chandler with a $73.3 million loan from Prime Finance Partners.
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S2 Capital Pays $55M for Suburban Phoenix Apartments
Benefit Street Partners originated a $47.2 million loan for the purchase of the 408-unit community.
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Hines to Begin Phoenix Luxury Community
The firm closed on financing from the Alliance Bank of Arizona for the 325-unit development.
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Kennedy Wilson Buys Portfolio for $198M
The purchase includes three garden-style properties in Colorado and Arizona totaling 880 units.
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Next Wave Investors Scores $21M Refi for Phoenix Community
JLL arranged the 10-year, floating-rate loan for the property through Freddie Mac.
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Cortland Acquires Phoenix Community for $117M
StreetLights Residential and Nexpoint Advisors sold the 253-unit asset, with CBRE representing the seller.