Phoenix
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.
Western Wealth Capital Grows AZ Portfolio with $23M Purchase
The investment company financed the acquisition of the 198-unit Artisan Park in Glendale with a $15.1 million Fannie Mae loan.
Wood Partners Breaks Ground on 300-Unit Phoenix Project
Slated to open in the second quarter of 2020, the developer’s Alta Warehouse District community is one of the first multifamily projects in the revitalized downtown neighborhood.
Starlight Adds $80M Arizona Community to Portfolio
The investment firm’s U.S. multifamily vehicle acquired the 282-unit luxury property in the city of Scottsdale from Sunridge Apartments, adding to its network of recently completed assets in Southern metro areas.
Tides Equities Buys AZ Property for $40M
Berkadia arranged the sale of the 488-unit garden-style community located in Phoenix, approximately 10 miles from downtown. The brokerage firm represented the seller in the transaction.
Western Wealth Capital Sells Phoenix-Area Property
The 153-unit Verde Dimora traded for $27 million, or roughly $177,000 per unit. A team from IPA represented the seller and procured the buyer.