Phoenix
JLL Income Property Trust Buys Phoenix Community for $72M
Wood Partners sold Summit at San Marcos in downtown Chandler, Ariz. The sale marks the first time the 273-unit luxury property traded since its completion earlier this year.
TruAmerica Pays $77M for Phoenix Apartments
The multifamily investment firm increased its Arizona presence with the purchase of a 520-unit apartment community that it plans to renovate.
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.
Phoenix Multifamily Report – Summer 2019
The metro’s strong demand for multifamily housing, fueled by rapid demographic and economic growth, is projected to keep up with the development pipeline.
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
Phoenix Senior Housing Asset Trades for $27M
Chicago Pacific Founders acquired the 101-unit community, which offers three different levels of care and is located near several health-care providers.
Boston Capital Sells Phoenix Asset for $65M
KeyBank provided Eaton Vance Investment Managers with a $45.8 million Fannie Mae loan for the acquisition of Aventura in Avondale, a 17-building gated community.
Optima Kierland: An Oasis in Arizona’s Desert
Optima President David Hovey Jr. presents the pilot project of Phoenix’s newly adopted International Green Construction Code. The four-tower development is underway in Scottsdale.
Redwood Capital Enters Phoenix with $118M Buy
The Chicago-based company made its first foray in the market by acquiring a 365-unit luxury community located in Scottsdale, Ariz.
Tides Equities Buys Phoenix Community for $57M
The real estate investment firm added a 436-unit community to its rapidly growing portfolio in the city. NorthMarq arranged the deal, including a $49.1 million bridge loan.