West
TWG Converts Hotel Into $35M Affordable Community
This marks the company’s first such adaptive reuse.
Phoenix-Area SFR Asset Trades for $26M
The recently built Cyrene at Estrella changed hands for $400,000 per unit.
Denver Luxury Property Trades for $161M
Confluence Cos. sold the multifamily asset to Kairoi Residential.
Albuquerque Multifamily Report – September 2023
While some other markets stumble, rent growth is solid in New Mexico.
Equity Residential Sells LA-Area Community for $107M
The firm had acquired this Class B asset in 1996 for $25.5 million.
MG Properties Acquires $95M Luxury Denver Community
JLL provided a $54.2 million Freddie Mac loan for the deal.
Mark-Taylor Continues Rapid SFR Expansion in Phoenix
Cottages at McDowell is a new, 219-unit community in Avondale, Ariz., developed by WestStone Group.
Denver Multifamily Report – September 2023
Occupancy was flat over 12 months, despite dropping almost everywhere in the country.
Highridge Costa Opens Affordable Bay Area Community
The property is age-restricted for seniors 62 or over.
Phoenix Multifamily Report – September 2023
A solid pipeline has cooled off the city’s dry heat, at least temporarily.