Phoenix
Phoenix Multifamily Report – Fall 2019
The metro’s sustained economic performance and demographic expansion continue to be reflected in its multifamily market.
Phoenix Property Commands $17M
The buyer received $11.2 million in acquisition financing from Bank of America for the 114-unit asset.
Phoenix-Area Community Changes Hands in $23M Deal
NorthMarq Capital arranged a $16.5 million loan from Freddie Mac on behalf of the buyer.
Newly Built Phoenix Community Scores $17M Refi
The 135-unit property came online last year and previously benefited from a $15.2 million construction loan funded by MidFirst Bank.
LivCor Pays $43M for Phoenix Asset
The buyer of the 240-unit property assumed the remaining balance of a $20 million financing package taken by the seller in mid-2016.
Inland Real Estate Buys Phoenix Community for $56M
Santander Bank provided the buyer of the 225-unit property with more than $30 million in acquisition financing.
KeyBank Arranges $140M Refi for 3 Communities
The multifamily properties totaling 950 units are owned by Keller Investment Properties in Utah and Arizona.
Final Tower at Optima Sonoran Village Now Complete
In just six months from the opening date, the final tower’s occupancy has already surpassed 77 percent, thanks to the area’s strong multifamily demand.
Knightvest Expands Phoenix Footprint With $75M Buy
Canadian Imperial Bank of Commerce provided the buyer with more than $57 million in financing for the purchase of the 432-unit Class A multifamily asset.
S2 Residential Pays $46M for Phoenix Community
Bridge Investment Group provided acquisition financing for the Class B, 320-unit multifamily asset.