Trilogy Investments Announces Construction for Build-To-Rent Community Rêve at Avondale Station Has Commenced
Trilogy Investment Company, a leader in Build-To-Rent (BTR) community development, announces that land development at Rêve at Avondale Station in Avondale, Arizona, is underway.
The 107-home BTR community, developed in collaboration with Pinnacle Partners, is...
Thayer Manca Residential adds Tucson property to growing Arizona portfolio
Thayer Manca Residential (TMR) has purchased their newest multifamily property in Tucson, Ariz. TMR purchased Desert Shadows, a 338-unit property for $69,300,000.
Desert Shadows is the third property in TMR’s growing Tucson portfolio. TMR acquired...
Davlyn Investments acquires Chandler apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $114,385,000 purchase of Trevi a 290-unit, Class A, luxury multifamily community, constructed in 2005, located in Chandler, Arizona. This is Davlyn’s...
Institutional Property Advisors brokers $117.5 million multifamily asset sale in Tempe, Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Onnix, a 659-unit multifamily asset in Tempe, Ariz. The property sold for $117.5 million, which equates to $178,300 per unit.
“Proximate...
CBRE negotiates five Arizona multifamily sales totaling $13.43 million
CBRE announced the sale of five Arizona apartment communities totaling $13.43 million.
Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix arranged the following transactions:
Crowne Pointe, a 35-unit garden style apartment...
Renovated Phoenix multifamily asset sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Bloom 24, a 114-unit multifamily complex in Phoenix. Highline Property Group (Highline), based in Denver, Colorado, purchased the property...
Institutional Property Advisors brokers $116 million multifamily asset sale in Metropolitan Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liv Crossroads, a 356-unit multifamily property in Gilbert, Arizona. The $116 million sales price represents $325,843 per unit.
“Adhering to the...
Optima enhances virtual sales model, tops off construction of luxury residential tower
In these unique times, multifamily development firm Optima is debuting an enhanced virtual sales experience at 7180 Optima Kierland to accommodate prospective buyers in advance of the luxury residential community’s summer opening.
The 12-story tower...
Trion Properties enters Denver, Colorado market with acquisition of 288-unit apartment community
Trion Properties, a real estate private equity firm that specializes in multifamily investments in western markets, has acquired The View at North Peak, a 288-unit multifamily community in Northglenn, Colorado, a suburb of Denver....
Quarterra Announces Leasing is Underway for the 224-unit Kindred Apartments in Denver’s Golden Triangle
Charlotte, North Carolina-based multifamily developer and operator Quarterra is expanding its Denver footprint with its 11th property in the city and second in the Golden Triangle neighborhood, Kindred Apartments, which opened for leasing earlier...
Institutional Property Advisors sells Northwest Valley of the Sun Multifamily Asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Green Leaf Arrowhead Ranch, a 256-unit multifamily asset in Glendale, Arizona.
“Located in the Northwest Valley’s most coveted master-planned community,...
Institutional Property Advisors closes two-property $90.2 million multifamily portfolio sale in Southern Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property multifamily portfolio in Tucson, Arizona. The properties are Equestrian, a 288-unit complex that sold for $47.7 million, or...
Institutional Property Advisors brokers the sale of two multifamily assets in North Tempe
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 134-unit Sakara Tempe and 36-unit Sakara Villas at Tempe in Tempe, Arizona. Together, the properties sold for $30.5 million, which...
432-unit Phoenix multihousing community closes
JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Oxford Apartment Homes, a 432-unit, low-density garden-style multihousing community in Phoenix, Arizona.
JLL marketed the property on behalf of...
Institutional Property Advisors Closes The Hadley North Scottsdale Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Hadley North Scottsdale, a 240-unit, mid-rise multifamily asset in Scottsdale, Arizona.
IPA executive managing directors Steve Gebing and Cliff David represented the...
