Phoenix
Top 5 Western Markets for Multifamily Deliveries
We’ve identified the top metros based on new deliveries year-to-date as a percentage of existing stock, according to Yardi Matrix data.
Hines to Begin Phoenix Luxury Community
The firm closed on financing from the Alliance Bank of Arizona for the 325-unit development.
Luxury Senior Community Opens in Suburban Phoenix
Ryan Cos., Cadence Living and Starwood Capital Group have completed Scottsdale, Ariz.’s Acoya Scottsdale at Troon.
Kennedy Wilson Buys Portfolio for $198M
The purchase includes three garden-style properties in Colorado and Arizona totaling 880 units.
Next Wave Investors Scores $21M Refi for Phoenix Community
JLL arranged the 10-year, floating-rate loan for the property through Freddie Mac.
Roscoe Property Management Merges with Arizona Firm
The third-largest apartment manager in Texas is adding 1,750 units to its portfolio through the transaction with Maverick Residential.
Cortland Acquires Phoenix Community for $117M
StreetLights Residential and Nexpoint Advisors sold the 253-unit asset, with CBRE representing the seller.
Bridge Investment Sells Phoenix Apartments for $118M
The new owner received a 10-year, $79.3 million Freddie Mac acquisition loan from Prudential Financial.
Berkadia Facilitates $35M Phoenix Sale
Ric Holway, Mark Forrester and Dan Cheyne represented the seller of the 138-unit property completed in 2018.
Cortland Acquires Arizona Community for $97M
Institutional Property Advisors brokered the sale of the 415-unit MetroPointe in Tempe.