Phoenix
CIM Group, Tides Equities Buy Phoenix Apartments for $255M
A capital improvements plan is underway for the 1,000-unit property.
29th Street Capital Sells $53M Greater Phoenix Property
CIBC Bank USA provided $39 million to finance the acquisition.
JLB Partners Sells Luxury Scottsdale Community for $194M
The unit price is the highest in the market’s history.
Phoenix Multifamily Report – January 2022
The city’s rentals had a stunning year, with the average rate up 25.9 percent.
Sares-Regis Acquires $118M Community in Phoenix
Since the property’s last trade in 2016, its price has more than doubled.
Safehold Closes Phoenix-Area Student Housing Ground Lease
The property serves students attending Arizona State University.
29th Street Capital Expands Phoenix-Area Portfolio
The firm plans $2 million in renovations for the community.
FPA Multifamily Sells Phoenix Apartments
Cushman & Wakefield represented the seller in the deal.
StorQuest Expands Phoenix Self Storage Footprint
The facility adds more than 52,000 square feet of storage space to the company’s portfolio.
Tides Equities Expands Phoenix Footprint With $123M Buy
NorthMarq and Berkadia arranged the transactions.