Market Rate Housing - Phoenix
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Tides Equities Extends Phoenix Shopping Spree
The investment firm picked up The Edge, a 380-unit community, from Baron Properties for $57.3 million.
29 August 2019 13:07 -
Tides Equities Makes $25M Value-Add Move in Phoenix
The new owner plans to invest $5 million in capital improvements to the 240-unit Class C multifamily asset.
22 August 2019 10:56 -
Berkadia Arranges Sale of Tempe Community
Former owner Sares-Regis Group originally acquired the 144-unit Salado Springs property for $20.2 million in an all-cash transaction in 2016.
06 August 2019 17:36 -
TruAmerica Pays $77M for Phoenix Apartments
The multifamily investment firm increased its Arizona presence with the purchase of a 520-unit apartment community that it plans to renovate.
02 August 2019 13:36 -
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.
02 August 2019 09:36 -
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
23 July 2019 16:54 -
Boston Capital Sells Phoenix Asset for $65M
KeyBank provided Eaton Vance Investment Managers with a $45.8 million Fannie Mae loan for the acquisition of Aventura in Avondale, a 17-building gated community.
18 July 2019 18:06 -
Tides Equities Buys Phoenix Community for $57M
The real estate investment firm added a 436-unit community to its rapidly growing portfolio in the city. NorthMarq arranged the deal, including a $49.1 million bridge loan.
15 July 2019 12:14 -
Phoenix-Area Community Changes Hands for $19M
Real estate private equity firm WhiteHaven Capital acquired Ridgepoint Apartments, a 164-unit property in Glendale, Ariz. The six-building asset was built in 1986.
11 July 2019 14:27 -
Phoenix Community Changes Hands for $57M
InterCapital Partners picked up the 561-unit multifamily property from value-add specialist 3rd Ave Investments, which bought the asset back in 2016.
10 July 2019 13:06 -
The Praedium Group Acquires Phoenix-Area Property for $74M
Completed last year, the 306-unit Town Commons is located within the Gilbert Town Square mixed-use shopping center and is within walking distance of several retail and entertainment options.
28 June 2019 17:48 -
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
26 June 2019 18:28 -
Bridge Investment Group Sells Phoenix Community for $78M
Located 6 miles from the Cave Buttes Recreation Area, the 480-unit Monte Viejo traded in an all-cash deal and was almost fully occupied as of May.
24 June 2019 16:49 -
Urban Communities Expands AZ Footprint
Seller Firefly Modern Rentals received $14.7 million for Avenue 15. The asset encompasses 148 units and is located in northern Phoenix.
19 June 2019 17:19 -
The Praedium Group Buys 367-Unit AZ Community
The real estate investment firm acquired the newly built asset in Tempe from JLB Partners in a deal subject to a $57 million loan. More than half a million jobs are located within a 10-mile radius.
18 June 2019 13:48