Mountain region

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 (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 (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 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, 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 (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 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...

Laguna Point Properties has acquired the 996-unit The Harmon at 370, the largest multifamily community in Las Vegas, in an off-market transaction valued at $126 million. This is the second significant multifamily investment in Las...

JLL Capital Markets announced that it has welcomed Director Leif Olsen to its affordable housing production team. Olsen is based in the Denver office and reports to Senior Managing Director Angela Kelcher, who is leading the national...

Thayer Manca Residential (TMR) has sold The Ventura Apartments, a 272-unit multifamily property in Chandler, Arizona. TMR purchased the property in 2017 for $47.6 MM. TMR has a number of additional assets throughout Arizona including...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Madison Grove, a 171-unit multifamily property in Phoenix, Arizona. The $51.3 million sales price equates to $300,000 per unit. “Surrounded by...

FCP announces its first equity multifamily acquisition in the Denver, Colorado market with the joint venture recapitalization with BMC of Ivy Crossing, a 1,023-unit apartment community at 2320 S. Quebec Street. Earlier in May, FCP...

DB Capital Management (DB Capital) has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 million. Built in 1979, Cleo features large one- and two-bedroom floor plans on a...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Maryland West, a 100-unit apartment property in Glendale, Arizona. The $26.5 million sales price equates to $265,000 per unit. “Maryland West’s...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Moderne, a 369-unit mid-rise multifamily asset in Scottsdale, Arizona developed by JLB Partners. The $260 million sales price equates...