Multifamily news in Phoenix
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29th Street Capital Expands Phoenix Footprint
The company purchased a 168-unit community in Avondale and plans to invest more than $2.1 million in capital improvements. Its local portfolio now totals more than 2,500 units.
17 June 2019 14:28 -
What Attracts Investors to Phoenix
Tides Equities Co-Founder & Principal Sean Kia explains the role of affordability in making Phoenix an attractive market for investors and how the firm managed to streamline its redevelopment operations in a tight and challenging construction market.
14 June 2019 14:15 -
Phoenix Community Sells for $20M
Sterling Real Estate Partners more than doubled its footprint with the purchase of the 301-unit property. The Bancorp Bank provided acquisition financing.
12 June 2019 13:59 -
AZ Community Trades for $74M
MG Properties Group used a $49.3 million Fannie Mae loan to finance the acquisition of the 379-unit garden-style property located in Tempe.
12 June 2019 13:10 -
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
05 June 2019 17:07 -
Baron Properties Sells Phoenix Asset for $9M
The company had owned the 68-unit community in Christown since 2016, when it acquired it for almost half the current price.
30 May 2019 17:22 -
Western Wealth Capital Grows AZ Portfolio with $23M Purchase
The investment company financed the acquisition of the 198-unit Artisan Park in Glendale with a $15.1 million Fannie Mae loan.
24 May 2019 05:30 -
Wood Partners Breaks Ground on 300-Unit Phoenix Project
Slated to open in the second quarter of 2020, the developer's Alta Warehouse District community is one of the first multifamily projects in the revitalized downtown neighborhood.
23 May 2019 13:38 -
Starlight Adds $80M Arizona Community to Portfolio
The investment firm's U.S. multifamily vehicle acquired the 282-unit luxury property in the city of Scottsdale from Sunridge Apartments, adding to its network of recently completed assets in Southern metro areas.
20 May 2019 13:46 -
Tides Equities Buys AZ Property for $40M
Berkadia arranged the sale of the 488-unit garden-style community located in Phoenix, approximately 10 miles from downtown. The brokerage firm represented the seller in the transaction.
17 May 2019 15:22 -
Western Wealth Capital Sells Phoenix-Area Property
The 153-unit Verde Dimora traded for $27 million, or roughly $177,000 per unit. A team from IPA represented the seller and procured the buyer.
17 May 2019 15:08 -
Goodman Real Estate Expands in Phoenix With 216-Unit Acquisition
The 24-building community located within an Opportunity Zone came online in 1984. Institutional Property Advisors represented the joint venture seller and procured the buyer.
15 May 2019 15:05 -
2 Phoenix-Area Developments Secure $54M Financing
PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz.
06 May 2019 14:45 -
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.
25 April 2019 13:39 -
IPA Brokers $30M Phoenix-Area Transaction
Senior Managing Directors Cliff David and Steve Gebing worked on behalf of both parties involved in the sale of a 265-unit community in Mesa.
17 April 2019 05:48