Phoenix
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.