Phoenix
MIG Real Estate Buys Phoenix Community for $22M
Western Wealth Capital’s investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company’s 11th successful divestment to date.
Phoenix Apartments Command $110M
Knightvest Capital acquired the asset for the second-highest price recorded for a multifamily property in Arizona.
On the Market: 5 Interesting Listings for January
This month’s multifamily listings include a community in Vancouver’s Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.
Pathfinder Expands Phoenix Footprint
The company acquired Vintage Apartments for $18.6 million and Avalon Apartments for $13.7 million, with plans to renovate both communities.
Tucson Asset Trades for $12M
The city has seen numerous firms invest in the area over the past few years, creating extensive job opportunities across multiple industries.
HFF Secures $10M Financing for AZ Community
The apartment community is located with multiple golf courses and parks. According to Yardi Matrix data, monthly rent averages $1,008.
ABI Brokers $4M Sale of Phoenix Community
ABI represented both parties in the transfer of Tres Arcos Apartments, a 1969-constructed, seven-building apartment community in the Biltmore submarket.
Avesta Enters AZ Market With $58M Acquisition
Coronado Crossing is well situated along the Price Corridor, one of Chandler’s fastest-growing areas. The company plans an extensive renovation of the property.
Jevan Buys Phoenix Community for $15M
Jevan Capital now owns 18 properties across multiple metros, seven of which are in Phoenix. La Mirada will be rebranded and completely renovated.
RedHill Realty Acquires Phoenix Asset for $25M
The company plans to continue the renovation process initiated by the previous owner, Stratford Partners, which was represented in the transaction by Institutional Property Advisors.