Phoenix
Western Wealth Snags Phoenix Community
The company paid $13.4 million to acquire Tierra Santa, a 274-unit property at 4620 W. McDowell Road. ARA Newmark brokered the transaction, which was subject to a $10 million loan originated by Walker and Dunlop.
On the Market: 5 Interesting Listings for the Week of 5/8
This week’s listings include a Phoenix garden-style community for $1 million and a well-designed urban property in Portland.
CA Senior Living Breaks Ground in AZ
The $25 million Quail Park in Oro Valley includes 101 units, with a portion dedicated to assisted living, and the $32 million Quail Park at Morrison Ranch includes 83 assisted living units and 32 memory care suites.
Monument Capital Management Nabs Tucson Community
The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.
Portland on the Park Welcomes First Residents in Phoenix
Habitat Metro and Sunbelt Holdings developed the project, which is already 72 percent sold. The property is the second and final phase of the Portland Place mixed-use development.
On the Market: 5 Interesting Listings for the Week of 4/24
Last week’s listings include two recently built student housing properties: an amenity-laden 661-bed property catering to students at the University of Florida and a 173-bed community located four blocks from the University of Wisconsin – Milwaukee.
On the Market: 5 Interesting Listings for the Week of 4/17
This week’s listings include a newly renovated and college-adjacent property in Rowland Heights, Calif., and a 28-unit Phoenix community offered for less than $1 million.
Resource Real Estate Buys Phoenix Community for $55M
Bascom Arizona Ventures sold Indigo Creek, a 408-unit community built by Gray Development Group in the Arrowhead region in 1993.
On the Market: 5 Interesting Listings for the Week of 4/10
MHN’s recent finds include two Colorado properties: one in the burgeoning Colorado Springs student housing market, and a historic four-unit property in Denver built in 1890.
Greystone Expands into Phoenix
The office will focus on Fannie Mae, Freddie Mac, FHA and CMBS finance, serving multifamily owners nationwide. Eric Jones will head up the location as its director.