Newly Constructed Arizona Build-to-Rent Development Bella Encanta Lands $66M Bridge Loan
Bela Flor Communities has obtained a $66 million bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, Arizona. Over half of the units are leased and occupied at the property,...
Bascom Group Begins 2024 by Acquiring 344-Unit Overlook Apartments in New Mexico
The Bascom Group, LLC has acquired the Overlook Apartments, a 1988 built, 344-unit garden-style multifamily property located at 6200 Eubank Boulevard in Albuquerque, New Mexico. The property marks Bascom's first multifamily acquisition in the state...
ABI Multifamily Brokers Las Vegas 74-Unit / 3-Property Multifamily Portfolio for Nearly $9 Million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the sale of the Las Vegas 74-Unit Portfolio for a combined $8,985,894 / $121,431 Per Unit...
Cushman & Wakefield Advises Sale of New 214-Unit Elevation at Village Apartment Community in...
Cushman & Wakefield announced the firm has brokered the sale of Elevation at the Village, a newly constructed 214-unit garden-style multifamily community located on the grounds of SanTan Village open-air shopping center in the...
De Anza Properties Secures $78M in Financing for Midtown 360 Apartments in Orem Utah
De Anza Properties has secured a $78 million financing of its Salt Lake City Midtown 360 property. Northmarq arranged the permanent fixed-rate loan on behalf of De Anza through Northmarq’s in-house Fannie Mae DUS platform....
McShane Completes Construction of 242-unit The Livano Deer Valley Apartments in Phoenix Arizona
Construction is completed at The Livano Deer Valley in Phoenix, Arizona. McShane Construction Company built the 242-unit multifamily community on behalf of the owner, Jomax Residences, LLC. “The Livano Deer Valley is a beautiful, well-appointed...
Greystar Breaks Ground on Marlowe Peoria Place near Phoenix Arizona
Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that it has broken ground on Marlowe Peoria...
Dominium Acquires Land for 67 Flats and Juniper Square, Plans to Develop 605 Affordable...
Dominium, a leading affordable housing owner, developer and manager announced that it has closed a deal to acquire land for the development of a new community of affordable housing in Glendale, Arizona. The land...
Empire Group Slated to Build Arizona’s Largest BTR Project Village at Bronco Trail
Empire Group started construction on its largest build-to-rent project in Phoenix, Arizona: Village at Bronco Trail. Tower Capital arranged an $88.5 million construction loan. Construction commenced in August 2023. The general contractor for the project...
Orion Real Estate Partners Acquires Fielders Creek Multifamily Community in Englewood Colorado
Orion Real Estate Partners acquired Fielders Creek, a 217-unit apartment community in Englewood, Colorado. The price was not disclosed. Community amenities include a game room, 24-hour fitness center, resort-style pool, grilling and picnic areas, 272...
ABI Multifamily Brokers 26-Unit West Phoenix Quays at Encanto Apartment Community for $6.925M
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,925,000 / $266,346 Per Unit / $246.97 Per SF sale of Quays at Encanto, a...
Institutional Property Advisors Closes Broadstone Dobson Ranch Sale and Financing in Mesa Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Broadstone Dobson Ranch, a 288-unit Class A multifamily asset in the Dobson Ranch master-planned community in Mesa, Arizona. “The...
Institutional Property Advisors Closes Tucson Multifamily Asset Sale of The Place at Spanish Trail
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Place at Spanish Trail, a 256-unit multifamily asset in Tucson, Arizona. “Tucson’s population growth is expected to continue over the next...
Connor Group Acquires 326-Unit Broadstone Olivine Apartments in Denver for $100M
Adding to its multifamily properties in the Denver area, the Connor Group purchased a Littleton community for $100 million. The Connor Group bought its first multifamily property, Broadstone Olivine, in the Denver area in...
Griffis Residential Announces Purchase of Platform at Union Station in Denver for $125.5M
Griffis Residential paid $125.5 million in cash for the 287-unit Platform at Union Station in Denver. Holland Partner Group was the seller. CBRE states the sale is among the largest multifamily property transactions in...