Phoenix
Greater Phoenix Community Commands $35M
Aukum Group sold the 168-unit property, which provides easy access to the Scottsdale Airpark, the Kierland Employment Corridor and South Scottsdale. IPA represented the seller and procured the buyer.
Bridge Investment Group Sells Phoenix Community for $78M
Located 6 miles from the Cave Buttes Recreation Area, the 480-unit Monte Viejo traded in an all-cash deal and was almost fully occupied as of May.
Urban Communities Expands AZ Footprint
Seller Firefly Modern Rentals received $14.7 million for Avenue 15. The asset encompasses 148 units and is located in northern Phoenix.
The Praedium Group Buys 367-Unit AZ Community
The real estate investment firm acquired the newly built asset in Tempe from JLB Partners in a deal subject to a $57 million loan. More than half a million jobs are located within a 10-mile radius.
29th Street Capital Expands Phoenix Footprint
The company purchased a 168-unit community in Avondale and plans to invest more than $2.1 million in capital improvements. Its local portfolio now totals more than 2,500 units.
What Attracts Investors to Phoenix
Tides Equities Co-Founder & Principal Sean Kia explains the role of affordability in making Phoenix an attractive market for investors and how the firm managed to streamline its redevelopment operations in a tight and challenging construction market.
Phoenix Community Sells for $20M
Sterling Real Estate Partners more than doubled its footprint with the purchase of the 301-unit property. The Bancorp Bank provided acquisition financing.
AZ Community Trades for $74M
MG Properties Group used a $49.3 million Fannie Mae loan to finance the acquisition of the 379-unit garden-style property located in Tempe.
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
Baron Properties Sells Phoenix Asset for $9M
The company had owned the 68-unit community in Christown since 2016, when it acquired it for almost half the current price.