Landing at Fiesta Village, a 220-unit apartment property in Mesa, Arizona was acquired by Millburn & Company. The asset was sold by a venture between Boston-based real estate private equity firm Rockpoint and P.B. Bell. The terms of the transaction were not disclosed.
The Landing at Fiesta Village unit interiors feature nine-foot ceilings, wood-style plank flooring, granite countertops and under-mount sinks with designer fixtures, a full-size washer and dryer, accent walls, smart technology features and a private patio or balcony. Gourmet kitchens include stainless steel appliances, custom cabinetry, and a tile backsplash.
The community features a modern design and Class A amenities, including a resident lounge, state-of-the-art fitness center, resort-style heated swimming pool and spa area, business center and co-working space, electric vehicle charging stations, dog park and pet spa, children’s playground and parcel lockers.
CBRE‘s Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen represented the sellers in the deal.
According to Millburn & Company Principal Sage Millburn, “the community boasts best-in-class finishes and amenities and is located in a high growth market with a track record of strong performance.” Millburn & Company is a privately held real estate investment firm based in Salt Lake City, Utah. Since 2010, Millburn & Company has purchased 17,000+ apartment units across the country, valued at over $3 billion.
