JLL Capital Markets announced the $12.6 million sale of Corona Del Sol, a 64-unit, garden-style apartment complex in Phoenix, Arizona.
JLL represented the private high-net worth seller and sourced the buyer, KDF Communities.
Corona Del Sol is located at 27 E Corona Avenue and benefits from excellent freeway and transit access, including easy access to I-17, allowing residents to reach major employment, retail and entertainment areas in the Greater Phoenix Metro Area. Additionally, the community is within walking distance of the future South Central Metro Light Rail Extension and Downtown Hub, further enhancing its accessibility.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Brian Smuckler and Jeff Seaman and Senior Directors Derek Smigiel and Bryson Fricke.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
KDF Communities, LLC is a real estate development and investment company based in Newport Beach, CA, specializing in affordable housing. With a history dating back to 1996, KDF has been involved in the construction, acquisition, and rehabilitation of over 6,000 affordable rental units across multiple states. Their growth strategy includes expanding outside of California while maintaining their core investment values and targeting properties in primary and secondary markets with positive growth and attractive pricing.
