Multifamily news in Phoenix
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Weidner Sells Phoenix Community for $37M
Weidner Apartment Homes sold Monterra Apartments Homes for $37.2 million after almost a decade of ownership. The buyer financed the acquisition through a loan.
25 January 2019 16:51 -
Scottsdale Property Receives $24M Refi
HFF secured the loan on behalf of the borrower, The Sunset Group, for the 134-unit community located roughly 12 miles from downtown Phoenix.
17 January 2019 10:07 -
Phoenix-Area Affordable Property Changes Hands
Atlantic Development & Investment sold the 184-unit asset in a 1031 exchange for nearly $23 million. The Canadian Imperial Bank of Commerce provided acquisition financing.
15 January 2019 14:35 -
Tides Equities Expands Phoenix Portfolio With $23M Buy
Solstice at Arcadia is a little more than 3 miles from downtown Scottsdale. The property was repositioned from individually-owned condos to single ownership, allowing for operational opportunities.
11 January 2019 14:49 -
Rincon Partners Sells Phoenix Community for $34M
LoanCore Capital provided the buyer with nearly $30 million in acquisition financing. The new owner rebranded the asset and chose a new property manager.
08 January 2019 13:57 -
LaSalle Property Fund Purchases Phoenix Multifamily Community
The firm acquired the 488-unit luxury San Melia property in the desirable Ahwatukee Foothills submarket on behalf of its U.S. core open-end real estate fund.
02 January 2019 14:41 -
Phoenix Property Changes Hands in $33M Deal
NorthMarq represented the seller in the disposition of the 308-unit Breckenridge Apartments, as well as facilitated financing for the buyer, 3rd Ave Investments.
28 December 2018 15:25 -
Phoenix-Area Portfolio Trades for $67M
TruAmerica Multifamily has expanded its presence in Arizona’s capital with the purchase of a 472-unit portfolio in Tempe.
26 December 2018 12:46 -
On the Market: 5 Interesting Listings for the Week of 12/17
This week's listings include a Fort Lauderdale-area property situated in an IRS-designated Opportunity Zone, a turn-key luxury investment in Richmond, Va., and more.
24 December 2018 14:59 -
Phoenix Plays to Its Strengths
Positive demographic trends and one of the most active economies in the U.S. continue to support growth in the metro’s multifamily market.
24 December 2018 12:06 -
Multifamily Financing’s Endurance Test
The strong multifamily market is fueling competition in the lending environment, with an abundance of new players and extended services from life companies. Tower Capital’s Adam Finkel shares his views on the capital stack outlook for 2019, along with some predictions for the sector.
19 December 2018 14:22 -
Hunt Real Estate Secures $23M for Phoenix-Area 1031 Exchange
The 224-unit Canyon Woods and the 148-unit Shadow Rose are both slated for upgrades, with ownership set to invest roughly $3.5 million in improvements.
18 December 2018 17:28 -
Blackstone Sells $40M Phoenix Asset
TH Real Estate acquired the 240-unit multifamily asset, securing $40 million in revenue bond financing from Maricopa County’s Industrial Development Authority.
17 December 2018 14:24 -
North Phoenix Community Commands $32M
The sale marked the submarket's largest per-unit price over the past 12 months. The previous owner implemented a complete exterior renovation program, including upgrades to the amenity package.
12 December 2018 11:16 -
845-Unit Phoenix Portfolio Changes Hands
Greystar has purchased a trio of properties encompassing 845 units in Chandler and Gilbert, two of the metro’s fastest-growing submarkets.
04 December 2018 14:26