Pathfinder Partners Expands Arizona Holdings With Bulk Condo Purchase
- Apr 01, 2016
Phoenix–The Paradise Valley neighborhood in Phoenix was recently witness to Pathfinder Partners’ latest multifamily acquisition. The San Diego-based investor purchased 90 units at the Aderra Condominiums for $15 million. The transaction was handled by Jones Lang LaSalle representatives John Cunningham and Charles Steele. Seller Real Capital Solutions had previously acquired 155 units from Deco Communities.
Located at 11640 N. Tatum Blvd., the condo property offers a total of 312 units. Built in 2008, the multifamily complex is located on an 8-acre site in the proximity of the Stone Creek Golf Course, as well as the Paradise Valley Mall. The 15 three-story buildings that make up Aderra offer one and two-bedroom condo units ranging in size between 811 and 1,284 square feet.
Resident amenities available at Aderra include gourmet-style kitchens, stainless steel appliances, full-size washers and dryers, gas fireplaces, an underground parking garage, fully equipped fitness center, resort-style pool, spa, and direct golf course access.
According to Pathfinder Partners Senior Managing Director Lorne Polger noted that the company’s immediate plans are to “implement comprehensive exterior and interior upgrades and then launch a retail sales program.” Polger also noted that new model units are set to be released over the coming months.