Phoenix
Crescent Communities Sells Tempe Property
NXT Capital provided $49.9 million in financing for the acquisition of Novel Rio.
Westmount Realty Capital Enters Arizona Market
The firm has expanded its footprint with the acquisition of a vintage property in Mesa.
JV Lands $102M Loan for Phoenix Community
A partnership of PMG and Raven Capital Management is developing 200 W. Monroe St., a mixed-use community slated for completion in 2021.
Phoenix-Area Asset Trades for $18M
Cushman & Wakefield’s David Fogler and Steven Nicoluzakis intermediated the sale of a 95-unit community in Old Town Scottsdale, Ariz.
MG Properties Buys Arizona Community for $110M
Everest Holdings sold the 512-unit property in the Chandler submarket, which leads the Phoenix metro area in multifamily absorption.
Security Properties Buys $28M Tempe Property
The company purchased The Rev Apartments, marking its eighth acquisition in the Phoenix area.
Partially Affordable Community Trades in Phoenix
In a deal orchestrated by Institutional Property Advisors, ReNUE Properties acquired Legacy Bungalows in Phoenix for 26.1 million.
Fore Property Sells Phoenix-Area Asset for $79M
The buyer financed the acquisition with a $62.2 million loan from TPG Capital. The 344-unit Summerly at Zanjero is LEED Silver certified.
Phoenix-Area Property Trades for $16M
ReNue Properties sold Sonoma Heights, a 96-unit value-add community located in Mesa, Ariz.
Phoenix Community Changes Hands for $56M
An affiliate of the ConAm Group bought the 297-unit property neighboring the Phoenix Sky Harbor International Airport.