Phoenix
Goodman Real Estate Expands in Phoenix With 216-Unit Acquisition
The 24-building community located within an Opportunity Zone came online in 1984. Institutional Property Advisors represented the joint venture seller and procured the buyer.
2 Phoenix-Area Developments Secure $54M Financing
PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz.
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.
IPA Brokers $30M Phoenix-Area Transaction
Senior Managing Directors Cliff David and Steve Gebing worked on behalf of both parties involved in the sale of a 265-unit community in Mesa.
Phoenix Value-Add Asset Commands $9M
Urban Communities is the new owner of Puesta Del Sol, a 128-unit property situated in the city’s South Mountain Village, near the future light rail extension.
Phoenix Senior Living Community Begins $260M Redevelopment
The Weitz Co. has started construction of 34 patio homes at Beatitudes Campus as the first phase of a comprehensive eight-year expansion plan.
Phoenix Community Sells for $52M
Wood Partners sold the transit-oriented community to FSC Realty in a transaction brokered by Institutional Property Advisors.
ABI Multifamily Facilitates $22M Sale in AZ
An out-of-state investor purchased the 180-unit Cabana at the Pointe from Deco Communities. The buyer took out an $18.4 million loan to finance the acquisition.
Phoenix Multifamily Report – Winter 2019
Attracted by the market’s strong fundamentals, investors closed a whopping $5.9 billion in multifamily sales in 2018, while developers also marked a high point with the delivery of 8,162 units.
Alliance Residential Sells Luxury Phoenix Asset for $84M
The seller opened the 316-unit Class A community in summer 2018. Thrivent Financial provided the buyer with more than $50 million in acquisition financing.