ABI Multifamily brokers 34-unit Northwest Phoenix apartment community for $9.5 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,500,000 / $279,412 Per Unit / $376.15 Per SF sale of Urbana at Hayward, a...
Trion Properties makes largest acquisition to date with $108.75 million off-market acquisition in highly-desirable...
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has successfully completed the off-market acquisition of Terra Village, a 402-unit multifamily community in...
ZMR Capital enters Las Vegas market with $38.5 million acquisition of multifamily community
ZMR Capital has acquired Sunridge, a 216-unit multifamily community in Las Vegas, for $38.5 million, marking the Florida-based multifamily investment firm’s entry into the Southern Nevada real estate market. “The Las Vegas rental market continues...
Tower 16 Capital Partners announces the sale of Loramont on Thomas Apartments in Phoenix,...
Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, Arizona for $32.1 million. The property was purchased by Tower 16 in December 2019 for $11.7 Million in...
Institutional Property Advisors brokers multifamily asset sale in Mesa
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Talise, a 388-unit multifamily property in Mesa, Arizona. The asset traded for an undisclosed price. “Mesa’s favorable cost of living and...
Institutional Property Advisors closes $91 million North Phoenix multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Azura Apartments, a 387-unit apartment asset in Phoenix, Arizona. The property sold for $91 million, which equates to $235,142 per...
Institutional Property Advisors brokers two-property multifamily portfolio sale in North-Central Utah
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 282-unit multifamily portfolio in Clearfield, Utah. The properties are Oakstone Apartments, a 210-unit property built in 1998 and...
Next Wave sells 216-unit multifamily community in Las Vegas
Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, recently sold Spanish Oaks, a 216-unit garden-style multifamily community in Las Vegas, Nevada for $50 million after acquiring it...
Institutional Property Advisors negotiates Tucson apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Equinox on Prince, a 114-unit multifamily asset in Tucson, Arizona. The property sold for $21.1 million, which equates to $185,088...
Institutional Property Advisors brokers $84 million attainable housing asset sale in suburban Southeast Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Power, a newly built, 244-unit multifamily asset in Mesa, Arizona. The $84 million sales price represents $344,262 per unit. “The...
SB Real Estate Partners acquires Azura Apartments in North Phoenix for $91 million
SB Real Estate Partners (SBREP) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, Arizona for $91 million. The property will be rebranded as Portola North Phoenix. SBREP has been an active...
Link Senior Development, Roxborough Group acquire 301-unit Phoenix retirement community
Link Senior Development and The Roxborough Group, LLC announce the acquisition of Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix, Arizona. "Park Terrace is an exciting venture...
TruAmerica Multifamily acquires Phoenix apartment community for $45.4 million
TruAmerica Multifamily, owner and operator of more than 3,000 multifamily units in the Phoenix metro, has acquired Rise on Peoria, a 164-unit garden-style apartment community for $45.4 million. The property constitutes a compelling value-add opportunity...
Institutional Property Advisors facilitates Central Tucson multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bellevue Tower, a 90-unit, garden-style, midrise apartment property in Tucson, Arizona. The asset traded for $14 million, which equates to...
Avison Young in Las Vegas, Nevada brokers $126 million sale of 996-unit Harbor Island...
Avison Young announced the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, based in the firm’s Las Vegas office closed the $126 million sale ($126,506 per unit) of Harbor...