Market Rate Housing - Phoenix
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Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
04 May 2018 16:42 -
On the Market: 5 Interesting Listings for the Week of 4/30
This week's listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
04 May 2018 15:39 -
IPA Facilitates $65M Phoenix-Area Transaction
Eaton Vance Investment Managers purchased the 303-unit Chandler property, which includes a volleyball court, two swimming pools and 458 parking spaces.
23 April 2018 14:55 -
On the Market: 5 Interesting Listings for the Week of 4/16
This week's listings include a new community in West Seattle, duplexes in Denton, Texas, and 188 units in Phoenix's busy Camelback corridor.
19 April 2018 18:29 -
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 -
On the Market: 5 Interesting Listings for the Week of 4/2
This week's listings include a historic luxury community in Iowa and a property near Lake Michigan's southernmost point.
06 April 2018 14:26 -
ABI Brokers $8M Sale of Lender REO Asset in Phoenix
The buyer plans to invest $1 million in interior and exterior upgrades to improve the property, which is situated across the street from the 19th Avenue/Glendale light rail station.
19 March 2018 16:58 -
WWC Continues Phoenix Divestment Streak
The Canadian company acquired the asset in 2016. ROI from the current transaction is projected at approximately 18 percent over the 20-month term.
19 March 2018 16:06 -
High Street, MetLife Break Ground in Phoenix
The partnership will construct a five-story 190-unit community that will include a coffee bar, interactive lounge space and gaming area.
14 March 2018 16:31 -
Phoenix Community Sells for $15M
Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.
14 March 2018 16:07 -
On the Market: 5 Interesting Listings for the Week of 3/5
This week's multifamily listings include a portfolio in Denver's Glendale market and newly converted condominiums in Scottsdale, Ariz.
09 March 2018 18:29 -
Western Wealth Completes $6M Divestment in Phoenix
The Canadian company initially bought a stake in the community in 2015, with the current transaction representing a 32 percent price increase compared to the original acquisition.
08 March 2018 17:33 -
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 -
WWC Completes Phoenix-Area Acquisition
The $17 million transaction represents the company's 39th acquisition. The company invested more than $210 million in multifamily assets last year.
13 February 2018 16:10 -
Tempe Community Trades for $7M
ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.
12 February 2018 16:50