Multifamily news in Phoenix
-
Top 5 Multifamily Markets for Rent Growth
Here’s a breakdown of the best-performing multifamily markets ranked by year-over-year rent growth through June 2021.
-
East Phoenix Community Changes Hands for $34M
The property last traded less than three years ago, for $21 million.
-
Phoenix Asset Changes Hands for $45M
Bridge Investment Group funded the acquisition of the 136-unit Glendale property.
-
Evergreen Development Sells Phoenix Asset for $89M
Institutional Property Advisors represented the seller of the 275-unit property.
-
North Central Phoenix Value-Add Commands $32M
Pacific Reach Properties sold the garden-style community after 7 years of ownership.
-
Transwestern, Knightvest Sell Phoenix-Area Community
The partnership renovated common areas and half the units at the Glendale property.
-
KKR Expands Phoenix Footprint With High-End Purchase
The deal brings the company's portfolio in the metro area to more than 2,600 units.
-
Oxford Properties Acquires Phoenix-Area Community
The 285-unit property in Scottsdale marks the firm's second purchase in the metro this year.
-
Phoenix Multifamily Report – Summer 2021
The metro's average rent was up 8.1 percent year-over-year through April.
-
Investcorp Expands With $420M in Acquisitions
The global investment manager purchased five communities in Arizona, Georgia and Texas.
-
Phoenix Airport-Area Community Trades for $17M
The buyer financed the 237-unit acquisition with a $16.8 million loan from Keystone Bridge Capital.
-
Sunroad Enterprises Closes $125M Phoenix Buy
The rebranded community traded with the assistance of a LoanCore Capital acquisition financing.
-
Element Residential Buys 1,020-Bed Student Housing Community in Tucson
The property is approximately 4.5 miles east from the University of Arizona.
-
Suburban Phoenix Property Changes Hands for $72M
Avanti Residential sold the 264-unit community in Goodyear, Ariz., after three and a half years of ownership.
-
Tower 16 Sells Phoenix Community for $30M
The buyer will continue capital improvements at the 214-unit asset, following nearly $2 million invested under the previous owner.