Phoenix
Phoenix Multifamily Report – Winter 2021
Following a brief hiatus brought by the pandemic, the metro’s rental market emerged nearly unscathed.
JV Pays $47M for North Phoenix Apartments
A partnership between RedHill Realty Investors and Shelter Asset Management secured a $28 million Fannie Mae loan for the purchase.
Phoenix Multifamily on Solid Ground: Q&A
Having been active in the market’s multifamily sector for several years, Next Wave Investors’ Principal points out Phoenix’s strengths.
Suburban Phoenix Community Sells for $43M
Barings originated a seven-year, $30.5 million Freddie Mac loan for the acquisition in Tempe.
Sunroad Enterprises Sells Phoenix Community for $47M
FirstBank provided a $30.7 million loan for the acquisition of the 163-unit property in Peoria.
RangeWater Tapped to Manage Scottsdale Property
Cabana Hayden is the latest Cabana-branded multifamily asset in the Phoenix metro area to be developed by Greenlight Communities.
North Phoenix Community Trades for $24M
The new owner, Rise48 Equity, secured a non-recourse, variable interest rate loan which matures in 2031.
Investors Capital Group Pays $48M for Phoenix Asset
Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz.
Toll Brothers, Harrison Street to Build ASU Student Housing
The partnership secured construction financing for an upcoming 826-bed luxury community in Tempe, Ariz.
MG Properties Pays $145M for Phoenix Community
The 576-unit apartment building last changed hands three years ago for $85 million.