Phoenix
Phoenix Asset Sells for $49M
Knightvest Acquisitions purchased Siena on Baseline Apartments from P.B. Bell Cos. The 352-unit community includes three pools, covered parking and a playground.
Western Wealth Sells 79 Phoenix-Area Units
Scottsdale Haciendas previously traded in 2014, when the current seller shelled out $9.1 million for the value-add asset located close to McDowell Road.
3rd Ave Investments Buys Phoenix-Area Asset for $22M
The 276-unit Casa Bellisima is located in Glendale, a submarket with limited inventory but more affordable rents than the urban core.
Priderock Acquires $154M AZ Portfolio
IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa.
Wood Partners Opens Luxury Property in Phoenix
The newest community to join the company’s Alta brand is near multiple employment hubs within the metro and features a high-end amenity package.
Hunt Mortgage Provides $11M for Phoenix Community
The loan also includes a $1.6 million future funding commitment designated for capital improvements at the 104-unit Regency Park Apartments.
Sundance Capital Group Buys Phoenix Asset
The 90-unit garden-style community last changed hands in 2016. The new owner intends to bring additional interior and exterior upgrades.
Western Wealth Bullish on Phoenix, Adds 146 More Units
The Canadian firm has added another asset to its Phoenix portfolio. Connect on Union is situated near Loop 101 and was 95.9 percent occupied as of June 2018.
Recently Converted AZ Senior Housing Lands $13M Loan
The owner of the 227-unit assisted and independent living facility purchased the asset as an Embassy Suites Hotel and repurposed it in 2016.
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.