Saturday, April 27, 2024

Mountain region

Mountain region includes: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming

Wealhouse portfolio

$372.6 million in financing secured for Arizona and Texas multihousing properties

JLL Capital Markets announced that it has arranged refinancing in the aggregate amount of $372.6 million for a 10-property, 2,549-unit multihousing portfolio located across Arizona and Texas. JLL worked on behalf of the borrower, Wealhouse...
Tamarron Apartments

Decron Properties acquires eighth multifamily asset in Phoenix, Arizona for $128 million

Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 million. Tamarron, which comes on the heels of Decron’s recent $107.5 million purchase of Ascent at Papago, increases Decron’s local...
Canyon Heights

Tucson multifamily asset sale closed by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canyon Heights, a 196-unit multifamily property in Tucson, Arizona. The property traded for $33 million, or $168,367 per unit. “Demand for...
Villa D'Oro Apartments

ABI Multifamily brokers 16-unit North Central Phoenix multifamily apartment community for $5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $5,000,000 / $312,500 per unit / $313.91 per square foot sale of Villa D'Oro Apartments,...
Rise Metro Apartments

ABI Multifamily brokers 160-unit Northwest Phoenix multifamily apartment community for $42 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42 million / $262,500 per unit / $356.39 per square foot sale of Rise Metro...
Ascent at Papago Park

Decron acquires multifamily community in Phoenix for $107.5 million

Decron Properties has acquired Ascent at Papago Park, a 270-unit garden style multifamily asset in Phoenix, Arizona. It is the first of two acquisitions that the Los Angeles-based real estate investment firm will close...
ERGS Portfolio

Marcus & Millichap closes eight-asset Reno multifamily portfolio sale for $302 million

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The ERGS Portfolio, a six-property multifamily portfolio spanning a total of...
Regency Square

Institutional Property Advisors closes Southwest Arizona apartment property sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Regency Square, a 304-unit, two-story, garden-style multifamily asset in Yuma, Arizona. The property sold for $41.5 million, which represents $136,513...
Fairview Apartments

Marcus & Millichap closes $27.6 million multifamily asset sale in Suburban Denver

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fairview Apartments, a 100-unit multifamily asset in Aurora, Colorado. The property...
Phoenician Pines

ABI Multifamily brokers 92 of 240 rental condominium units in Northwest Phoenix for $22...

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $22,000,000 / $239,130 Per Unit / $234.80 Per SF sale of Phoenician Pines Condominium Homes,...
Cantamar Apartments

SB Real Estate Partners acquires Cantamar Apartments in Glendale, Arizona for $58.1 million

SB Real Estate Partners (SBREP) has acquired Cantamar Apartments, a 180-unit garden style multifamily community in Glendale, Arizona for $58.1 million. The property will be rebranded as Portola On Bell. SBREP has been an active...
Fitzsimons Apartments

$95 million capitalization secured for Denver-area multihousing development

JLL Capital Markets announced that it has arranged $95 million in debt and equity for the construction of Fitzsimons Apartments, a 355-unit, garden-style, Class A multihousing development in Aurora, Colorado. JLL represented the borrower, MGL...
The Vicinity Apartments

ABI Multifamily brokers 125-unit North Central Phoenix multifamily apartment community for $37.5 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,500,000 / $300,000 Per Unit / $360.11 Per SF sale of The Vicinity Apartments, a...
Hotel Elegante

The Davies Group at George Smith Partners successfully secures $42.5 million in construction financing...

Malcolm Davies and Zack Streit of The Davies Group at Los Angeles-based George Smith Partners, a premier commercial real estate capital advisory firm, arranged $42.5 million in construction financing for the conversion of a...
Marmalade Hill

DB Capital acquires 71-unit apartment community in Downtown Salt Lake City

Multifamily investment firm DB Capital Management (DB Capital) continues to expand its Utah presence with the acquisition of Marmalade Hill, a 71-unit apartment complex in downtown Salt Lake City for $18.6 million. Located less than...
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